Greece: Government announces plans to increase minimum wage

The Greek government has announced that restoring the minimum wage to €751 is one of its main priorities.

It has been reported in the daily paper Kathimerini that the Greek Government wants to restore the minimum wage by the second half of 2016 (in Greek) and also introduce tax and social security incentives for companies.  The Government is introducing a bill which would immediately implement an introductory minimum wage of €586, regardless of age (instead of the current two-tier minimum wage which is set at €510.95 for workers up to the age of 25). It would then allow for two increases, the first on 1 October 2015 and the second reaching the target of €751 after the summer of 2016.

 

 

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