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Monday, April 29, 2013

Greek Parliament Approves Job Cuts -Sunday April 28,2013


The Greek parliament has passed a bill which will see 15,000 state employees lose their jobs by the end of next year. It is part of continuing moves by the centre-right government to cut costs and ensure more bailout money from international creditors

Some 2,000 civil servants will lose their jobs by the end of June, another 2,000 by the end of the year, and a further 11,000 by the end of 2014. 

The bill passed by 168 votes to 123 on Sunday April 28,2013 had the support of the three parties making up the ruling coalition.The new law will overturn what had been a constitutional guarantee for civil servants of a job for life

Note
The law is a condition for Greece to receive its next tranche of loans worth 8.8bn euros (£7.4bn; $11.4bn).

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