Expert Group recommends changes in youth minimum wages

11 October 2016
84 Views

The current minimum wage of young people may soon change, as the Expert Group for the review of the Greek labor market institutions has issued its reform recommendations.

According to the group’s recommendations, young employees should receive 90% of the current minimum wage (amounting to 527.40 euros) in their first year of work experience and 95% (556.78 euros) in the second year.

Specifically, the group notes that “the youth subminimum wage will be replaced by a subminimum experience rate of 90% in the first year of work experience and 95% in the second year of work experience. Apprentices and students in internships of up to three months which are formalized in their curricula are exempted. The social partners decide on the pertinent subminimum wages and their increases”.

At present, the minimum wage for young people is 510.95 euros. The recommendations will be discussed between the Ministry of Labor and the institutions after the 17th of October.

You may be interested

MoU between SE Europe natgas system operators, including DES.FA, for prospective vertical corridor
FINANCE
shares31 views
FINANCE
shares31 views

MoU between SE Europe natgas system operators, including DES.FA, for prospective vertical corridor

Panos - Jul 25, 2017

A MoU was signed in Bucharest last week between Greece’s natural gas transmission system operator (DES.FA) with its Bulgarian, Romanian…

Greek Student Wins Gold in Mathematical Olympiad
GREECE
shares44 views
GREECE
shares44 views

Greek Student Wins Gold in Mathematical Olympiad

Panos - Jul 25, 2017

A Greek student from Thessaloniki won one of the gold medals at the 58th International Mathematical Olympiad 2017, held in…

Commissioner Moscovici to meet Greek officials in Athens
FINANCE
shares53 views
FINANCE
shares53 views

Commissioner Moscovici to meet Greek officials in Athens

Panos - Jul 25, 2017

European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici is scheduled to hold a series of meting…

Leave a Comment

Your email address will not be published.