Close Menu
  • Home
  • Business News
    • Entrepreneurship
  • Investments
  • Markets
  • Opinion
  • Politics
  • Startups
    • Stock Market
  • Trending
    • Technology
  • Online Jobs

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Tech Entrepreneurship: Eliminating waste and eliminating scarcity

July 17, 2024

AI for Entrepreneurs and Small Business Owners

July 17, 2024

Young Entrepreneurs Succeed in Timor-Leste Business Plan Competition

July 17, 2024
Facebook X (Twitter) Instagram
  • Home
  • Business News
    • Entrepreneurship
  • Investments
  • Markets
  • Opinion
  • Politics
  • Startups
    • Stock Market
  • Trending
    • Technology
  • Online Jobs
Facebook X (Twitter) Instagram Pinterest
Prosper planet pulse
  • Home
  • Privacy Policy
  • About us
    • Advertise with Us
  • AFFILIATE DISCLOSURE
  • Contact
  • DMCA Policy
  • Our Authors
  • Terms of Use
  • Shop
Prosper planet pulse
Home»Business News»Greece starts six-day work week in some industries
Business News

Greece starts six-day work week in some industries

prosperplanetpulse.comBy prosperplanetpulse.comJuly 3, 2024No Comments2 Mins Read0 Views
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


Image source, Getty Images

Article information

  • author, Michael Race
  • role, BBC News Business Reporter
  • 3 July 2024 11:36 BST

    Updated 7 minutes ago

Greece has introduced a six-day work week in certain industries to boost economic growth.

A new law that came into effect at the beginning of July allows employees to work up to 48 hours a week instead of 40.

It only applies to businesses that operate 24 hours a day, is voluntary for workers, and employees who work overtime are paid an extra 40 percent.

But the Greek government’s move is at odds with workplace culture in other parts of Europe and the United States, where a four-day work week pattern is becoming more common.

Companies that adopt such policies typically argue that shorter work hours actually increase productivity and employee happiness.

Greece’s six-day work week plan is expected to help eradicate undeclared work that leads to tax evasion, according to Greek public broadcaster ERT News.

The tourism and food industries are not included in this policy.

“At its core, this bill is pro-worker and pro-growth,” Greek Prime Minister Kyriakos Mitsotakis said, as first reported by The Guardian.

“And it would bring Greece in line with the rest of Europe.”

The BBC has contacted Greece’s Labour Minister, Niki Kerameous, for comment.

The global financial crisis of the late 2000s had a devastating impact on Greece, leaving the country heavily in debt due to a legacy of high public spending and widespread tax evasion.

Mitsotakis is credited with successfully returning Greece’s economy to growth after the crisis forced it into three international bailouts.

However, when it comes to work patterns, Greece appears to be moving in the opposite direction to other countries.

Since the COVID-19 pandemic, companies have adopted flexible working models, with many trialing a four-day working week, but employees’ wages have not been reduced.

contact

How many days are you currently working? Would you prefer to work one more day?



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
prosperplanetpulse.com
  • Website

Related Posts

Business News

ATLANTIC-ACM Announces 2024 U.S. Business Connectivity Service Provider Excellence Awards

July 10, 2024
Business News

Costco’s hourly workers will get a pay raise. Read the CEO memo.

July 10, 2024
Business News

Why a Rockland restaurant closed after 48 years

July 10, 2024
Business News

RNC Business: Thrive or Die? Local businesses prepare a week in advance

July 10, 2024
Business News

Tesla’s energy business is growing and could be the company’s next big source of revenue.

July 10, 2024
Business News

DC Police Chief asks small business owners to help prevent crime

July 10, 2024
Add A Comment
Leave A Reply Cancel Reply

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Editor's Picks

The rule of law is more important than feelings about Trump | Opinion

July 15, 2024

OPINION | Biden needs to follow through on promise to help Tulsa victims

July 15, 2024

Opinion | Why China is off-limits to me now

July 15, 2024

Opinion | Fast food chains’ value menu wars benefit consumers

July 15, 2024
Latest Posts

ATLANTIC-ACM Announces 2024 U.S. Business Connectivity Service Provider Excellence Awards

July 10, 2024

Costco’s hourly workers will get a pay raise. Read the CEO memo.

July 10, 2024

Why a Rockland restaurant closed after 48 years

July 10, 2024

Stay Connected

Twitter Linkedin-in Instagram Facebook-f Youtube

Subscribe