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minimum wage

Greece's Tsipras Vows to Raise Minimum Wage

The priority for the government will be to regulate the labour market and increase the minimum wage, Prime Minister Alexis Tsipras said on Friday, addressing the new cabinet formed after the recent government reshuffle. This was the first cabinet meeting...

Greece Wants to Raise Minimum Wage, Says Minister

The government's aim is to increase the minimum wage, Labour Minister Efi Achtsioglou stated on Monday while speaking to Greek public broadcaster ERT. Achtsioglou said that once collective labor agreements are restored in August, something that has been already legislated,...

FEINTS: Greeks Spend Over 40% of Income on Monthly Housing Costs

The European Federation of National Organizations Working with the Homeless (FEINTS) recently did a survey which revealed that Greeks are spending more of their income than any other EU country on housing costs. The costs taken into consideration are everything...

Greeks Pay as Much as Germans to Put Food on Daily Table

"Poor" Greeks are paying as much as "rich" Germans in order to put the daily food on the table, says a World Economic Forum report. The figures on food prices are compiled by the UN Food and Agriculture Organization, which...

Greece's Creditors Insist on Larger Percentage in Mass Layoffs

On their first meeting with new Labor Minister Efi Achtsioglou on Tuesday, Greece's creditors insisted, as previously, on a larger percentage in mass layoffs. The chiefs of mission of the four institutions resumed talks with the Greek side on the...

Greek Unions Protest Labor Reforms: 'Do Not Compromise With Poverty!'

On Monday evening the scene outside of the Greek parliament was a familiar one as some 7,000 trade union members gathered to protest in an effort to highlight the government's duty to protecting wages, pensions and to restore collective...

Greek Minimum Wage Fell by 19.5 Percent Since the Start of the Crisis

Greece holds the record for the sharpest slide in the minimum wage levels from 876.62 euros at pre-crisis levels to 683.76 euros (current rate). In the last eight years from 2008-2016, the minimum wage has been slashed by 19.5 percent in...

Minimum Wage Drops Further in Greece

Minimum wage has dropped further in Greece, putting the country in 12th place among European Union member states, according to the latest Eurostat figures. The new ranking puts Greece above Portugal and the former Eastern Bloc countries, while Spain and...

Greek Enterprise Federation (SEV) Drops the 'Bomb' on Workers Rights

The Hellenic Federation of Enterprises (SEV) dropped the bomb by demanding the liberalization of group dismissals, a drastic restriction of strike action and more strength for corporate contracts over agreements concerning workers sectors. The legislation SEV is calling for, was...

Employers and Employee Unions Agree in Principle on New Labor Laws in Greece

Representatives of employer associations and employee unions reached a minimum level of agreement on Tuesday on the upcoming changes on labor laws. The two sides negotiated in the presence of Labor Minister Giorgos Katrougalos. They chose to put disagreements and...