Greece: pay-related measures of the new austerity program

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13 February 2012 à 15h05

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2 minutes

Publication: 13 February 2012 à 15h05

Reading time: 2 minutes

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First, special measures on the definition of wages will prompt the payment of financial aid. 
Publication

13 February 2012 à 15h05

Reading time

2 minutes

Publication: 13 February 2012 à 15h05

Reading time: 2 minutes

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opes that the country’s financial rescue will be ensured and that it will stay in the Euro zone. The program provides for a 22 percent cut to minimum wage as well as incentive measures to renegotiate sectoral agreements to boost the adjustment of labor costs to the economic situation. (Ref. 120104)

First, special measures on the definition of wages will prompt the payment of financial aid.

  • Minimum wage as defined in the general national collective agreements (EGSEE) is going to be cut by...
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