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Economy

Greece Expands Funding for Job Support Program

ATHENS — The Greek government is expanding a job support program with additional funding of 190 million euros to cover the first period of implementation, during which companies’ revenues are still under pressure, Finance Minister Christos Staikouras said on Wednesday.

Staikouras said the government will table to Parliament a new legislation envisaging that the government will subsidize part of the time when a worker is suspended from work and part of employers’ social insurance contributions. The “SYN-ERGASIA” program is designed to maintain job positions and strengthen social cohesion in the country. The Finance minister said that the initiative “confirms that preserving job positions is the main priority of the government”.

From June 15 until July 31, the state will pay 60 pct of employers’ social insurance contributions for workers under suspension, offering an additional incentive to enterprises to maintain or raise job positions, Labour and Social Affairs Minister Yiannis Vroutsis said.

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