The General Director of the International Labor Organization Guy Ryder will present an ILO report on the Greek job market prospects in Parliament on Tuesday, during a common session between the European and Social Affairs committees.
According to the 2014 edition of the annual Global Employment Trends report, the average duration of unemployment in Greece has grown to 9 months, while the average duration in Spain in 8 months.
The ILO considers the situation in Greece to remain critical and expects that a lot needs to be done in order to improve the situation. Should the growth rate in Greece stabilize around 3.5%, then the ILO predicts that the rate of unemployment may drop to 22% by 2019.
The international organization has warned Greece of the problems that may arise from the widespread problem of uninsured employment and the destructive effect of workforce migration outside Greece. The ILO is currently conducting a study on collective redundancies, which will be discussed with the troika in autumn.
