Wednesday, September 5, 2012

Eurozone demands six-day week for Greece

The Guardian:

Government in Athens under pressure to introduce a six-day working week as part of the terms for a second bailout

Greece's eurozone creditors are demanding that the government in Athens introduce a six-day working week as part of the stiff terms for the country's second bailout.

The demand is contained in a leaked letter from the "troika" of the country's lenders, the European commission, European Central Bank, and International Monetary Fund. In the letter, the officials policing Greece's compliance with the austerity package imposed in return for the bailout insist on radical labour market reforms, from minimum wages to overtime limits to flexible working hours, that are likely to worsen the standoff between the government and organised labour in Greece.

After a long delay caused by months of political paralysis in Greece, the troika inspectors return to Athens this week to scrutinise Greek observance of its bailout terms. They are expected to deliver a verdict next month that will determine whether Greece is ultimately allowed to remain in the single currency.

The letter, sent last week to the Greek finance and labour ministries, orders the government to extend the working week into the weekend.

"Measure: increase flexibility of work schedules: increase the number of maximum workdays to six days per week for all sectors.

"Increase flexibility of work schedules; set the minimum daily rest to 11 hours; delink the working hours of employees from the opening hours of the establishment; eliminate restrictions on minimum/maximum time between morning and afternoon shifts; allow the consecutive two-week leave to be taken anytime during the year in seasonal sectors."

The letter also calls for non-wage labour costs to be lowered, employers' welfare contributions to be cut, and deregulation of the labour market.

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