One in Two Private Sector Employees in Greece Earn Less than €800 per Month

One in two employees in the private sector in Greece earns less than 800 euros per month, while only 11 percent of public sector employees earn less than that, a new study shows.

The figures come from the annual report of the Work Institute (INE) of the General Confederation of Greek Workers (GSEE) and show that the salaries of private sector employees have been reduced below 800 euros per month for more than 50 percent of them.

The monthly salaries of employees in the private sector rank as follows: 51.6 percent earn less than 799 euros, 15.2 percent earn less than 499 euros, 23.6% earn 500 to 699 euros and 12.8 percent earn 700-799 euros), 17.3 percent earn 800 to 999 euros, 17.8 percent earn over 1,000 euros(11.1 percent between 1,000 and 1,299 euros and 6.7 percent  above 1,300 euros).

Respectively, in the public sector salaries are as follows: 11 percent earn less than 800 euros (3.1 percent up to 499 euros, 3.5 percent earn 500-699 euros and 4.4 percent  700-799 euros), 23.6 percent earn 800-999 euros and 54.4 percent earn more than 1,000 euros (38.5 percent 1000-1299 euros and 15.7 percent above 1,300 euros).

According to the report, the real unemployment figure is 29.6 percent, with 68.1 percent of the unemployed being on the threshold of poverty. Furthermore, full-time hirings have dropped from 79 percent in 2009 to 45.3 percent in 2016. Moreover, while in 2009 hirings for flexible work accounted for 21 percent of total hirings, in 2016 the corresponding percentage is 54.7.