End of freeze on layoffs coincides with worst ever hirings balance in Nov

EconomyMacroeconomy Tags: ELSTAT, Labour, Unemployment
Photo by MacroPolis
Photo by MacroPolis

Greece’s employment balance remained deep in the red in November with 79,129 more departures than hires, from negative 70,048 in October, according to data from the Labour Ministry’s Ergani information system.

The balance in November last year was negative by 29,933, suggesting a drop of 49,196 job postings year-on-year (YoY). However, due to pandemic, last year support initiatives jobs in certain sectors were protected from layoffs or subsidised by the state.

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