mass layoffs

On their first meeting with new Labor Minister Efi Achtsioglou on Tuesday, Greece's creditors insisted, as previously, on a larger percentage in mass layoffs. The chiefs of mission of the four institutions resumed talks with the Greek side on the...

Representatives of employer associations and employee unions reached a minimum level of agreement on Tuesday on the upcoming changes on labor laws. The two sides negotiated in the presence of Labor Minister Giorgos Katrougalos. They chose to put disagreements and...

The European Court of Justice has just deemed incompatible with European Union legislation a Greek law that forces companies to seek labor ministry approval before they proceed with mass layoffs. Greece's creditors have asked Athens to repeal the labor minister...

Greek Labor Minister George Katrougalos reassured on Sunday in an interview with SKAI TV that there would be no mass layoffs. "The IMF is asking for mass layoffs," Katrougalos noted, "obviously we are not going to accept that," he said,...

Greece intends to make due payments to lenders and reach an agreement, but the International Monetary Fund insists on tough labor reforms, said Labor Minister Panos Skourletis. Greek Prime Minister Alexis Tsipras and the finance ministry negotiating team are trying...

The troika of international lenders have not yet set the date for when they will visit Athens to complete the evaluation of Greece's bailout program. William Murray, deputy spokesman of the International Money Fund said, "I do not have a date...