Rapid de-escalation of its rates unemployment have been recorded in recent months, which brings back to the fore the reinstatement of wages three years for everyone and not for those who had the necessary previous service before 2012, which is the case today.
The latest Eurostat record for the month of July shows further reduction in unemployment to 11.4%rekindling hopes for a rapid rate drop below 10% which would mean the reset of the three years for all employees.
It is noted that the reduction in the unemployment rate is 2.9 percentage points, on an annual basis, if compared with the corresponding rate in July 2021.
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Increases up to 30%
In his statements last spring, the competent Minister of Labor, Mr. K. Hatzidakis, estimated that towards the beginning of next year unemployment will “fall” below 10%. A fact that is a condition for the full reset of the three years. It is noted that this is provided for in the memorandum law by which the minimum wages were reduced in 2012.
Possibly with the return of the minimum wages to the amount of 751 euros – which is expected within 2023 – there will also be a full return of the three years for everyone, as long as the de-escalation of unemployment continues.
This means that employees with the necessary seniority will be able to receive increases of up to 30%.
It should be noted that today the percentages of the three years receive, only the employees, who had completed the necessary previous service (one, two or three three years) until February 2012.