ECONOMY

No pay raises expected in private sector

The private sector is set for zero salary raises over the next three years, following the first meeting between its main union and employers’ representatives yesterday. The first meeting between the heads of the General Confederation of Greek Labor (GSEE) and employers, aimed at eventually signing a new national general collective agreement, came one day after the employers’ meeting with the labor minister that GSEE boycotted. Negotiations were reportedly conducted in a good atmosphere, with the next meeting to follow on June 14. The president of the National Confederation of Greek Commerce, Vassilis Korkidis, stated that ‘in the current conditions we have to agree, sign and implement a new agreement whose importance is greater than any other time in the past. We must safeguard the 13th and 14th salary, protect annual income and secure steady payment for labor in the private sector for the next three years.’