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Covid-19: Greece to Launch ‘Syn-ergasia’ Job Retention Scheme

Aiming to protect jobs and at the same time keep companies hit by the coronavirus pandemic above water, the Greek government announced the launch on June 1 of the “Syn-ergasia” program.

Running initially through to September 30, the temporary employment support tool based on the tried and tested “Kurzarbeit” scheme – a German policy that brings in shorter work time – aims to keep unemployment at bay while giving companies a breather.

Under the scheme, Covid-19-impacted businesses can slash the working hours of their full-time employees by half without affecting their working agreement. The state will in turn cover up to 60 percent of their lost income.

Covid-19 and the travel industry

According to the Greek labor ministry, the plan could cover up to 100 percent of an employee’s salary.

Indicatively, an employee with a 1,000-euro salary forced to work half time will receive 500 euros from his employer and 300 euros from the state.

All companies in Greece demonstrating a reduction of at least 20 percent in turnover can participate in the Syn-ergasia support mechanism. Newly established and seasonal companies and all full-time employees are eligible.

It should be noted that companies making use of the tool cannot lay off any employees.

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