42 sector labor agreements ending, 600k employees affected

11.2.13

More than 600,000 employees will see their wages reduced with the end of 42 sector labor agreements this Thursday, the 14th of February. The average wage cut is estimated to be 30% and most employees will have to seek individual contracts, should no new sector agreement be signed by the 14th of May.

According a report by “Ta Nea”, the end of labor agreements in other sectors has lead to over 1.2 million employees in the private sector signing individual labor agreements.

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