Log in
A+ A A-

Over 125,000 Greeks get less than 100 euros a month

Data to describe the dire situation on the labor market in Greece were presented by Labour Minister Efi Achtsioglou at a press conference in Berlin.

Specifically, according to data presented by the Ms Achtsioglou:

-125,000 workers are paid less than 100 euros per month and one million workers earn less than 1,000 euros a month.
-The minimum wage was reduced by 22%, and 32% for young people under 25 years. So Greece is now a country with a low minimum wage in relation to the rest of Europe, and with a highly deregulated labor market.
-The reductions in minimum wages have not helped to reintegrate the unemployed into the labor market, on the contrary there are increased unemployment rates, from 7% in 2009 to 27.9% in 2013, while youth unemployment constituted approximately 50% in 2016.
-The effect was a significant increase in immigration among the highly trained young workforce,a  dramatic impact on consumer demand and a large increase in flexible forms of employment.
-More than 50% of recruitments in 2015 concern flexible forms of employment, resulting in dramatically increased the number of the so-called "impoverished workers", while also greatly increasing  undeclared work.
-Since 2010 there have been several "reforms" in the collective bargaining field. What actually happened was the collapse of the collective bargaining system. Currently only eight sectoral agreements are valid. This means that individual employment contracts stipulate the rules for the majority of workers.