ECONOMY

Concern over minimum salary hike

A Labor Ministry invitation to employer associations for talks regarding the government’s plan to increase the minimum salary to 751 euros per month and the content of planned legislative interventions regarding labor issues was received with reservations on Tuesday.

In his letter, Minister Panos Skourletis invited the associations and confederations of employers, as well as the General Confederation of Greek Labor (GSEE), to discuss on April 15 the return of the minimum salary to the same level as before Greece entered the bailout mechanism, as well as collective labor contracts, ahead of the tabling of the relevant bill in Parliament.

Skourletis informed the letter recipients that the restoration of the minimum salary to 751 euros per month will be implemented gradually up to July 2016, starting with a 10.91 percent increase to 650 euros on October 1, 2015. The bill will further introduce collective labor contracts at the company group level.