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wages

ILO Finds Real Wages in Greece Fell by 3.5% in 2017

According to a study published by the International Labor Organization (ILO), real wages in Greece fell by 3.5 percent in 2017, the biggest decline recorded since 2013. This figure is the highest among the EU member states, with only Azerbaijan...

Wages in Public Sector Rose for Last Three Years; Private Sector Fell

According to the ERGANI database of the Greek Labor Ministry, the wages the Greek State paid to its staff rose by the impressive figure of 16.7 percent from 2014 to 2017. The information was released following a request from...

Greece's Civil Servants Call 24-Hour Strike Over Pay, Pensions

ADEDY, Greece’s largest public sector union will stage a 24-hour walkout on November 14 to demand wage and pension increases, hirings and tax cuts. “Now that we’ve become a normal country with a normal government which is no longer supervised...

Cost of Labor Increased By 2.2 Percent in Euro-Area, Data Reveals

The cost of labor was increased by 2.2 percent in Euro-area during the second quarter of 2018, according to data published by Eurostat. This didn’t happen due to higher wages but mainly because of the increase in taxation of labor. Across...

Eight Years of Greek Crisis Cost €600B

As we are approaching the eight-year-mark since the first bailout program was imposed on debt-ridden Greece, a look at the heavy losses Greek households have suffered through the crisis shows staggering findings. The crippling eight-year recession has so far caused...

One in Three Greeks Employed Part-Time in Private Sector Earns €394 a Month

Security fund data from January 2017 show that one in three Greeks working in the private sector earns on average €394.13 per  month and is working part-time. Out of 1,751,949 registered employees in private companies, 554,769 of them (31.66%) work...

24-Year-Old Employees in Greece Earn € 380 per Month on Average

Twenty-four-year-old employees in Greece earn an average of 380 euros per month, while an 18-year-old makes 265 euros per month, a Kathimerini newspaper report says. The report is based on data from statements submitted to the single security fund for...

The Shameful, Shocking €100/Month Truth About Greek People's Salaries

The situation for Greek employees is getting worse by the month. Recent data released by the Greek Labor Ministry state that 126,956 private-sector employees are only receiving gross salaries of 100 euros per month. A total of 343,760 employees...

Employment Increases but Wages Decrease to Under 400 Euros Per Month

Flexible, cheap work agreements are becoming the norm in Greece with young people under 29 years most affected. Data by Ergani Center for the Support of Employment and Entrepreneurship in Women found that one in two recruitments from a...

126,956 Greek Employees Get Paid Less Than 100 Euros Per Month

Thousands of Greeks are getting paid salaries lower than 1-year unemployment benefits offered by the Greek Manpower Employment Organization (OAED) at 360 euros per month. The Ministry of Labor sent its shocking report to a committee of experts reporting...