ECONOMY

Job losses outpace hirings by almost 35,000 in October

Nearly 35,000 jobs more were lost than created in October, according to the Labor Ministry’s Ergani database, which records hirings and firings.

There were 138,408 hirings last month but 173,407 people lost their jobs. Of those, 132,199 were dismissals and another 41,208 were voluntary redundancies.

Labor Minister Yiannis Vroutsis said the figures were to be expected for October as it is the first month after the peak tourism season concludes in Greece.

He also said the deficit between hirings and firings was smaller than in the same month in previous years and that since January, there have been 130,703 more positions created than lost.