Troika appeared impatient for the implementation of corporate contracts and thinks that the issue of the decrease of wages in the private sector will remain open as long as it does not see in action the signing of corporate contracts with decreased fees.
At their meeting with the head of the Labour Inspectorate Mihalis Halaris, representatives of the Troika pushed to sign as many corporates possible without strict controls and identified the wrong practice of the Labour minister to sign the extension of sectoral contracts.
In their meeting with Katseli in the next days they are expected to ask her to encourage by any possible means the signing of contracts with wage decrease. As they stressed they will be tolerant until the summer. If the wages are not decreased they will come back asking for a modification of the law and the termination of the current restrictions.
The forming of unions is also moving forward. There have already been 600 applications. Also, the companies that have not yet closed their books for 2010 that in most cases present damages, to consequently call the unions.
They will go to individual contracts
But even of thousands of corporate contracts are not signed due to the opposition of the unions, the employers are eligible to turn to individuals that most of the workers will be forced to sign in fear of losing their jobs.
The troika also asked the ministry to legislate more flexibility in the frame of the 8hr timetable on yearly basis. Meaning that someone should be able to work for 10hrs a day and get the respective time-off, leave or decreased schedule in another period.
The new request presented by the auditors is that we must sign more fixed-term contracts in the private sector. And in case of dismissal we should not activate the clause in the contract, but facilitate the employer to pay half the damages, something that is contrary to the Civil Code.
Mihalis Halaris answered that many fixed-term contracts in Greece are in the public sector and the GOCs. In the private sector such contracts are mainly signed in banks. Besides they are not needed since with the new law a person can get hired under a trial period and get fired within a year without compensation.
Reduction up to 40% to supplementary pensions
Next week besides the contracts the troika will open two more major issues pending from the memorandum, ie the supplementary pensions and the heavy professions. The competition for the award of a consultant to conduct actuarial studies for the viability of the subsidiary has already been announced. And from the 1st of February until October 31 the studies must be finished. First will come the studies for IKA, equity fund for civil servants and TEADY.
The funds that won’t be able to stand it – more than 90% – will be forced to cut off their supplementaries at 20% of the main pension. And in some, with supplementaries of 700 and 1000 euros the decrease, if it is proven that they cannot stand it, will be at 40%.
The axe will fall heavily on the list of heavy professions too since according to the memorandum the ensured cannot exceed the 10% of the working population. Those that will be excluded will have serious consequences like increase if age limits to 5yrs, elimination of bonuses etc. At least troika was satisfied with the cut in fund expenditure that reached 2,5bil in 2010 due to the cuts in pensions and the battle against the wastefulness in medicine.
At their meeting with the head of the Labour Inspectorate Mihalis Halaris, representatives of the Troika pushed to sign as many corporates possible without strict controls and identified the wrong practice of the Labour minister to sign the extension of sectoral contracts.
In their meeting with Katseli in the next days they are expected to ask her to encourage by any possible means the signing of contracts with wage decrease. As they stressed they will be tolerant until the summer. If the wages are not decreased they will come back asking for a modification of the law and the termination of the current restrictions.
The forming of unions is also moving forward. There have already been 600 applications. Also, the companies that have not yet closed their books for 2010 that in most cases present damages, to consequently call the unions.
They will go to individual contracts
But even of thousands of corporate contracts are not signed due to the opposition of the unions, the employers are eligible to turn to individuals that most of the workers will be forced to sign in fear of losing their jobs.
The troika also asked the ministry to legislate more flexibility in the frame of the 8hr timetable on yearly basis. Meaning that someone should be able to work for 10hrs a day and get the respective time-off, leave or decreased schedule in another period.
The new request presented by the auditors is that we must sign more fixed-term contracts in the private sector. And in case of dismissal we should not activate the clause in the contract, but facilitate the employer to pay half the damages, something that is contrary to the Civil Code.
Mihalis Halaris answered that many fixed-term contracts in Greece are in the public sector and the GOCs. In the private sector such contracts are mainly signed in banks. Besides they are not needed since with the new law a person can get hired under a trial period and get fired within a year without compensation.
Reduction up to 40% to supplementary pensions
Next week besides the contracts the troika will open two more major issues pending from the memorandum, ie the supplementary pensions and the heavy professions. The competition for the award of a consultant to conduct actuarial studies for the viability of the subsidiary has already been announced. And from the 1st of February until October 31 the studies must be finished. First will come the studies for IKA, equity fund for civil servants and TEADY.
The funds that won’t be able to stand it – more than 90% – will be forced to cut off their supplementaries at 20% of the main pension. And in some, with supplementaries of 700 and 1000 euros the decrease, if it is proven that they cannot stand it, will be at 40%.
The axe will fall heavily on the list of heavy professions too since according to the memorandum the ensured cannot exceed the 10% of the working population. Those that will be excluded will have serious consequences like increase if age limits to 5yrs, elimination of bonuses etc. At least troika was satisfied with the cut in fund expenditure that reached 2,5bil in 2010 due to the cuts in pensions and the battle against the wastefulness in medicine.
