Greece’s Business Trade Body Proposes Job Creation Initiatives

The Hellenic Federation of Enterprises proposed that minimum salaries under the national wage agreement should be frozen until the yearend and automatic pay increases reviewed.

This year will be even more difficult than previous ones and the room for companies to cut costs is exhausted, the Athens-based body said in an e-mailed statement today before talks with GSEE, Greece’s largest private-sector union.

Greece’s social partners should commit the government to creating jobs by reducing non-wage costs without raising taxes, cutting company charges for employees for each new job created and removing obstacles to employee profit sharing, the federation said.

To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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