“Another important step for enhancing the disposable income of employees, stimulating their purchasing power and support for Greek society,” said Niki Kerameos
Announcement on Increase the minimum wage to 880 eurosfrom April 1st, issued the Ministry of Laborpresenting the relevant tables.
More specifically the Ministry’s announcement:
The Council of Ministers was approved on Wednesday, March 26th, the recommendation of the Minister of Labor and Social Security, Niki Kerameos, for an increase of 50 euros in the minimum wage (6.02 %), which stands from 830 to 880 euros, as well as the corresponding increase in the minimum wage from EUR 37.07 to EUR 39.07.
The total increase in the minimum wage since 2019 amounts to 230 euros a month, ie 35.4%. Greece is now ranked 11th among the 22 countries of the European Union implementing a legislated minimum wage.
The increase directly concerns more than 1.6 million beneficiaries, including 575,000 private sector workers, all who receive benefits linked to the minimum wage – such as maternity, parental license, unemployment and marriage – but for the first time, it benefits € 30. 2024. Increasing the minimum indirectly attracts the average salary, as has already been done in recent years.
Increasing the minimum wage means an additional gross income of 700 euros on a yearly basis, which corresponds to a net benefit of 473 euros for employees without children or a child and 606 euros for employees with 2 or more children. More specifically, employees without children will receive 743 euros from April 1 from € 709 they receive today, employees with a child will receive 752 euros from 718 euros they receive today and employees with two or more children will receive 762 euros from € 719 they receive today.
The new increase is taking place in an environment of steady labor market improvement, with unemployment decreased to 8.7%, more than 500,000 new jobs since 2019, an increase in full -time and average wage contracts, as well as a reduction in non -wage costs, as it has been reduced by 2019 and has been reduced by 2019. In public holidays, overtime, overtime and nightlife.
The Minister of Labor and Social Security, Niki Kerameos, said: “The new increase in the minimum wage to 880 euros is another important step to boost the disposable income of employees, stimulating their purchasing power and support for Greek society. We continue to work continuously to make our commitment to a minimum wage of 950 euros and average salary of 1,500 euros by 2027. “
Source: Skai
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