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GREEK NEWS

EU Says Greek Workers Fared Better than Others in Second Quarter of 2020

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Greece was one of the European countries that has been proven to be most successful in protecting jobs during the second quarter of 2020, when the labor market was so severely tested throughout the European Union by lockdowns to tackle the coronavirus.

According to a new study by the European Statistical Office (Eurostat) published today, the percentage of workers in Greece who lost their jobs in the second quarter of this year was less than 2%, while in Spain it was higher than 6.5%.

The corresponding number for Italy was between 3.5% and 5%. In most EU countries, job losses ranged from 2% to 3.5%.

Greece’s relatively good performance in protecting jobs was one of the few positives in the report, considering that in the second quarter of 2020 more than one quarter of Greek workers were either suspended or their working hours were reduced due to the lockdown.

As in all EU countries, low-wage earners in Greece were at the highest risk of losing their jobs in the second quarter, at a rate three times higher than high-wage earners. The purpose of the Eurostat survey was to provide information which will enable policymakers to assess the impact of COVID-19 on revenue sharing in 2020.

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