x

Economy

Greek Employers Cautious over Hiring Plans, Survey Shows

ATHENS — Greek employers are more cautious over hiring plans in the third quarter of 2020, with 15 pct of employers expecting an increase in the number of employed people, 17 pct expecting a decline and 64 pct not expecting any change, ManpowerGroup said in its employment outlook survey released on Tuesday.

Following seasonal adjustment of data, total employment outlook was -7.0 pct, the weakest reading in the last four years, down 31 percentage points compared with the previous quarter and down 26 percentage points compared with the same period in 2019. The survey included two questions related with the Covid-19 pandemic. Sixty-five pct of employers said business activity was negatively affected by the pandemic, 79 pct said hiring will return to pre-Covid-19 levels in the next 12 months, while 45 pct of employers in the primary production sector expect hiring to return to pre-Covid-19 levels in the next three to four months.

Hiring prospects for four out of seven sectors of economic activity in Greece are the weakest recorded since 2012-2013 (construction, industry, tourism and commerce), while employers in six out of seven sectors expect a decline in the number of their workforce.

Employers in medium-sized enterprises said hiring outlook was -16 pct, the weakest rate, employers in small and large enterprises see hiring outlook at -8.0 pct and -6.0 pct, respectively, while employers in very small enterprises expect 1.0 pct hiring activity.

 

RELATED

ATHENS - S&P credit rating agency upgraded Greece’s outlook to 'positive' from 'stable' on Friday, April 19, 2024 while maintaining the investment-grade rating of BBB-.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Over 100 Pilot Whales Beached on Western Australian Coast Have Been Rescued, Officials Say

MELBOURNE, Australia (AP) — More than 100 long-finned pilot whales that beached on the western Australian coast Thursday have returned to sea, while 29 died on the shore, officials said.

BAYSIDE, NY – Daughters of Penelope (DOP) Ilion Chapter 135 continues to keep the light shining bright within.

NEW YORK – Mike Labatos, AHEPA District 6 Lt.

Cretans are known for loving their guns but the island has the dubious record of having the highest rates of suicide in Greece over the last 25 years, averaging 2.

ATHENS - Forgetting the 2010-18 economic and austerity crisis that saw people so desperate they were picking food out of rubbish and supermarket bins, Greeks are among the European countries with the ignominious title of food wasters.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.