INE-GSEE: 1 out of 3 employees earns 300 euros per month

The Monday edition of Ta Nea has published a shocking study on the private sector in Greece which about one in three…

The Monday edition of Ta Nea has published a shocking study on the private sector in Greece which about one in three employees earns just over 300 euros after taxes (440 euros gross).

According to the study that was conducted by GSEE’s Labor Institute, such employees are typically in part time jobs, with reduced working hours and job rotation. INE-GSEE’s scientific director Savvas Rompolis estimated that about 500,000 in the private sector work in party time jobs.

Furthermore, the INE-GSEE study shows how average wages have shrunk due to the flexible and cheap labor relations that have dominated the job market due to the bailout legislation.

In 2014, the average annual wage in Greece has been estimated to be 21,930 euros, less than in Slovenia (24,472 euros) and Cyprus (22,740 euros. Higher up in the list are France (49,256 euros), Ireland (44,377 euros), Germany (38,964 euros) and Spain (34,584 euros).

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