Minimum wage is lenders’ next target

19 June 2016
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The lenders will try to flock the market with cheap workers who will earn a salary below the minimum wage by introducing new forms of non-formal employment.

The aim is to have just 1 full-time job in 80 jobs, according to experienced analysts, while the majority of the new job positions to be created would involve cheap workers.
The recent results released by “Ergani” system show that 50.46% of the new jobs created in 2016 involve types of flexible working.

The flexibility trend that applies in Britain, Italy and Germany provides new ideas for abolishing the few working rights that Greeks still have and establishing new types of employment contracts, such as mini-jobs and zero-hour contracts, with salaries below minimum wage.

The term “white contract” that has emerged in recent years in European markets means that the employee, under the pressure of unemployment, signs a white paper accepting all terms and working conditions that employers set.

Other types of employment contracts are mini jobs, midi jobs and mini geld, which involve jobs with a salary at about 400 euros, with few working hours and without insurance and taxes addressed mainly to pensioners, students and unemployed.

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