One-to-10 rule to be extended

The government intends to extend the rule of one hiring per 10 departures in the public sector into this year, which the previous government failed to stick to last year, in a bid to bring the number of civil servants down to the level required by the country?s creditors, according to Alternate Finance Minister Christos Staikouras.

The public sector will have to cut employee numbers by 150,000 by 2015, and in an effort to harmonize this plan with its intention to avoid layoffs, the government is opting for the one-to-10 rule instead of the one-to-five formula that the bailout agreement provided for this year. A recent report by Greece?s creditors put the number of expected departures from the state sector by 2015 at 124,102 if they continue at today?s rate.

Staikouras also told The Economist Conference held in Athens on Tuesday that the government will target the reduction of monetary waste in the public sector while improving public finances via the efficient use of public resources.

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