New uniform payroll program includes provision for workers in SOEs and banks with state participation, and 70,000 employees are subject to salary reductions, reaching even 40%.
Meanwhile, the Troika presses for government interventions in the issue of minimum wages, as international lenders appear dissatisfied by the law bill submitted by Labour Minister Giorgos Koutroumanis.
The minister is at the centre of dispute, and information indicates that Troika is frustrated by that the issue went public, while the ministry delayed major interventions.
Wages in the private sectors would be further reduced even by 25%, as sectoral agreements will be substantially abolished, according to the provisions of the new bill, tabled last Thursday. Thus, now the national collective agreement provides the safety net of €750 per month.
(source: capital)
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