Tag Archives: wages

500.000 Greeks of working age have left the country and have no plans to return due to low pay. Everyone would have expected that the severe shortage of personnel observed in many sectors of the Greek economy would bring wage increases, in order for businessmen to attract workers and thus …

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Nominal wage increases should not be excessive, the Greek parliament’s Budget Office warned in a report released on Monday on the 4th quarter of 2023. The report is published after the government raised the minimum wage from 780 euros to 830 as of April 1 and while workers unions criticize …

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With the latest increase, the minimum wage will exceed 800 euros a month, Prime Minister Kyriakos Mitsotakis said in an interview on SKAI television on Tuesday morning, in which he explained that the government was striving to fight the high cost of living by raising salaries. Mitsotakis said that the …

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Greece has recorded a dramatic increase of people living on a salary below the poverty line: one in eight workers earns 200 euros per month, the annual report of the Labor Institute of private sector union umbrella GSEE has found. “A huge part  of the Greek population is at risk …

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Hunger wages: Almost one million Greeks earn €200 to €500 per month in the country’s private sector, the annual report on Greece’s Employment and Economy of private sector union umbrella GSEE Labor Institute revealed on Wednesday. According to the report, 571,000 Greeks, about 1/5 of workers in the private sector, …

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The announcement that 10,000 new civil servants will be hired after 10,000 priest will be removed from the state payroll has created a lot of confusion. How will Tsipras will finance the wages for so many civil servants if the state will keep subsidizing the priests wages? In an interview …

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Prime Minister Alexis Tsipras announced that certain groups of civil servants will receive retroactive a total of €820 million net for wage cuts during the economic crisis and the bailout agreements. The total amount is €1.4 billion gross including taxes, social security and pension contributions. The money will be paid …

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Greece’s government spokesman Dimitris Tzanakopoulos said that the coalition government plans wage hikes as part of a series of measures to counter the impact of austerity after Greece exits its third bailout in August. He appeared confident that the minimum wage will increase within 2018. “Preparations for the day after …

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The living and working conditions of the millions of people living in the Attica prefecture and Athens have been surveyed by Marc on behalf of the Attica Regional Authorities in cooperation with the Labor Center of Athens. The results draw –  as no otherwise expected – a grim picture of …

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  Reforms with serious side effects. A new society class has emerged in Greece of the economic crisis: the Working Poor. Skilled women and men, mostly university graduates, who work their way through with bad paid jobs. The working poor are working people whose incomes fall below a given poverty …

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Employees in Greece’s public sector earn much more than their colleagues in the private sector. According to a report by Hellenic Federation of Enterprises (SEV) private sectors workers earn an average of 38% less than in the public sector The SEV figures reveal that private sector workers still carry the …

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The report of Labor Institute of the private sector union GSEE (INE) draws a grim picture of the Greek economy – despite the government narrative about the positive outlook. “The Greek economy is looking for an upward venture,” said one of the INE directors who presented the report. However, “evidence …

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Τhe ministry of labor submitted in parliament on Tuesday evening a draft bill on a series of measures designed to protect labor rights. The bill aims especially to tackle undeclared, under-declared and unpaid labor as well as the issue of delayed salary and wages payments. among others the bill allows …

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Greece’s GDP shrunk by 61.6 billion euros (26 percent) since 2010, the time span when three bailout memorandums with institutional creditors were signed and implemented, figures showed this week. Additionally, general government revenues decreased by five billion euros, with public sector wages, pensions and welfare benefits cut by 19.13 billion …

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High unemployment in austerity-stricken Greece dumps salaries and wages. Employers want to spend as less as possible on salaries, employees are forced to compromises unthinkable before the crisis. A job at any price. Not matter how low the price. Greece’s private sector employers shamelessly ignore labor laws and offer a …

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The failure to pay the employees’ earned salary, albeit in the long run,  sufficient by itself to establish the notion of  the harmful change in the terms of the employment contract. This is what judges in Greece’s Supreme Court ruled this week. Harmful change of employment contract is established when …

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First of all, a warning! A warning about the comprehension of the European Commission press release and of the initiative of the European Citizens’ Initiative entitled “Let us reduce the wage and economic differences that tear the EU apart.” Commission Press release Commission registers European Citizens’ Initiative entitled ‘Let us …

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Only Greece has suffered more from austerity that Britain, trade unions charged yesterday as rising inflation and stagnant wages threaten another sharp fall in living standards. Inflation at 2.3 per cent is higher than wage growth of 2.2 per cent — meaning that people’s pay is worth less in real …

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Mafia-style practices in Greece’s labor market: employers hire people with criminal records to extort part of their employees’ salaries. An incredible denouncement has been made by the Association of Private Sector Employees. Workers go to ATMs in the escort of employers’ henchman and give back to employer part of their …

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Greece’s labor minister Efi Achtsioglou might have shocked German journalists during a press conference in Berlin on Thursday. She said that in times of bailout agreements, the minimum wage fell by 22% and by 32% for young workers under 25 years old. “Greece is now a country with low minimum …

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