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    Home»Passive Income

    Greece Just Introduced a Six-Day Workweek for Employees

    SwankyadminBy SwankyadminJuly 3, 2024 Passive Income No Comments2 Mins Read
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    Because the idea of a four-day workweek continues to make headlines, one nation is doing the precise reverse — including a day to the workweek.

    Efficient July 1, Greece introduced a six-day workweek for sure companies.

    The brand new regulation impacts staff who work for a non-public enterprise and manufacturing crops that function 24 hours a day, together with sure retail and agricultural staff.

    Associated: 77 Percent of Employees Want a 4-Day Workweek

    Staff should add two hours to their common weekday schedule or choose up a further eight-hour shift over the weekend.

    Employees might be compensated with a 40% enhance of their day by day wages for the brand new hours and a 115% enhance if the additional time falls on a vacation.

    “The nucleus of this laws is worker-friendly, it’s deeply growth-oriented,” Greece’s Prime Minister Kyriakos Mitsotakis said. “And it brings Greece according to the remainder of Europe.”

    Associated: A 4-Day Work Week Benefits Employees. Will Employers Adapt?

    After greater than a decade of financial disaster, Greece is forecasted to see 3% progress in 2024, based on Reuters. Nevertheless, the unemployment charge within the nation is greater than 10%.

    Per data from the Group for Financial Cooperation and Growth, Greek staff already spend extra hours at their jobs than workers within the U.S.

    Those that are employed are making a median month-to-month wage of 1,175 Euro (roughly $1,261) which is roughly 20% decrease than it was 15 years in the past, per knowledge seen by the outlet.

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