Tagged: Labor

Greek hourly labor costs up as public hirings rise, Eurostat shows

Average hourly labor costs and hirings in the public sector rose in 2016, compared to the private sector, which saw a drop, according to the latest data from Eurostat. The European statistics agency produced figures showing that average hourly labor costs in the public sector were up by 4.5 percent while corresponding costs in the […]

Labor Ministry issues circulars on age of retirement

The Ministry of Labor has issued three circulars in relation to the gradual increase of the age of retirement, which ranges from 6 months to 17 years in certain cases. As of 2019 the age of retirement for all pension funds will be the age of 67 or 62 with 40 years of insurance contributions. […]