Employers growing more optimistic on jobs front

Staff cuts appear to be abating at most Greek companies as the latest Manpower survey found that no more than 16 percent of employers expect to reduce their worker numbers in the last quarter of the year.

The majority of the 751 respondents – 69 percent – said they don’t expect to make any changes to their staff numbers, while 12 percent said they expect to hire people. This is the most optimistic result in such a survey since the second quarter of 2010.

In the region of Attica the employment index is even foreseen growing by three percentage points, although in northern Greece hirings are projected to go down by 7 percent from the year before, maintaining a decline for 14 consecutive quarters.

It is anticipated that six out of nine financial sectors will show an employment contraction, with tourism dropping by 6 percent, while the sector of financial, insurance, real estate and corporate services is set to show a 4 percent increase in the final quarter of the year.

A reduction of between 4 and 5 percent is expected in manufacturing and in electrical production, natural gas and water.