Major changes in Greece’s labour relations are at the gate. The new provisions, which practically put everything that the agreement provides for into practice, related to the rise in the redundancy threshold and the compensation given in case of redundancy. The redundancy threshold for companies employing more than 150 people will rise from 2%, its current rate, to 5%, while companies employing between 20 and 150 people will be able to fire 6 people per month. The warning notice period of potential redundancy will be reduced to up to four months, with the compensation paid to the employee reduced to half.
The Greek Employment Minister will meet Thursday with the troika reps to discuss the technical details of the pension reforms, since the Ministry’s aims to submit the relevant bill to Parliament by the end of June.
(source: ert)
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