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wages

Greeks See Wages and Pensions Slashed as New Round of Austerity Begins

The summer of 2016 turns out to be another summer of discontent for Greek pensioners and wage earners who see their incomes slashed, as a new round of austerity begins after the imposition of the new bailout program measures. It...

Most Young Greeks Earn Less Than 500 Euros Per Month

Employment search engine Kariera.gr published data concerning wages in Greece. The study, conducted in collaboration with the Human Resources Workshop of the Marketing and Communication Department of the Economic University of Athens from April to May 2016 found that...

Salaries, Pensions Not Excluded from Automatic Spending Cuts in Greece

Wages and pensions are not excluded from the automatic spending cuts the Greek government is obligated to make if it fails to reach fiscal targets in 2017. Greece has proposed to its lenders a mechanism that would automatically cut state...

Greek Govt to Lenders: 'Give Us More Time for Pension Reform'

The Greek government is pressing its international lenders to exclude the pension reform plan from the backlog of reforms that need to be completed before exiting the bailout program, Reuters reported. With the final review over its progress on the bailout...

Greek Coalition Govt Leaders to Redefine Policy

Greek Prime Minister Antonis Samaras and Government Vice President and Foreign Minister Evangelos Venizelos agreed to redefine government policy over a number of issues - including the way the two partnering parties handle the Troika - after the markets' negative...

Wages in Greece Fell for the Second Quarter of 2014

Wages in Greece continued falling in the second quarter of the year, recent reports show. Greece has now become one of just three EU member-states to record a decline in wages in both the first and second quarters of 2014. In Greece, the...

Greek Supreme Court Paves Way for Reinstatement of Wages to Men and Women in Uniform

The Greek Supreme Court's advisers voted almost unanimously in favor of thousands of military, police and coast guard personnel who saw their wages slashed in 2012. A number of federations and coalitions of uniformed men and women had appealed to...

Greek Company Increases Wages for Self and Environmental Awareness

Coco-mat is a greek company that makes products for sleeping, which are very practical and good-looking. This company tries to promote welfare and environmental sustainability. For example, Coco-mat has just established a programm, concerning its employees, to motivate them...