Employment compensation

The key to better salaries

One of the main conditions of improving the salaries paid to employees and curbing undeclared work is reducing non-payroll costs, which discourage businesses from raising salaries, and especially mid-level ones. 

In this regard, the measure that is in the pipeline to reduce the contributions made by employers is an important step, as it will have a beneficial effect on employees too.

Amazon's Cloud Services Division Announces Layoffs

In a significant move that reverberates across the tech industry, Amazon has disclosed plans for substantial layoffs within its cloud services division. The e-commerce giant confirmed the news, shedding light on the sweeping workforce reductions affecting various sectors including brick-and-mortar stores, technology, sales, and marketing departments.

Major Tech Players Announce Huge Workforce Reductions: Ebay, Amazon and More!

Several major tech companies are reshaping their workforce dynamics at the beginning of 2024, with eBay becoming the latest to announce substantial layoffs. The decision to cut 1,000 jobs, despite the company's robust profits, adds to a growing list of tech giants implementing significant workforce reductions this January.

Jobs market displays resilience

The Greek labor market showed strong resistance in July, as although the end of the school term and classes in private education resulted in the loss of 25,867 jobs in the sector and a total of 8,294 jobs across the economy, in the seven months of January to July a historic record was set with regard to hiring versus layoffs, with the creation of 296,624 new jobs.

Law will regulate flexible jobs

A draft law that will be submitted to the Greek Parliament in September seeks to regulate flexible types of employment such as zero-hours contracts, where the employer is not obliged to provide a minimum number of working hours to an employee. 

These practices already exist, they are just unregulated.

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