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IMPACT — MEDIUM
The Greek government announced that it will increase its minimum wage in April.
Key Points:
Additional Information: The minimum wage is relevant to all workers in Greece whose wages cannot be lower than the minimum wage. Foreign workers must be paid above the minimum wage.
BAL Analysis: Businesses may see a slight increase in labor costs because of the new minimum wage. Employers should take the new wage minimums into account and adjust their 2023 budgets if necessary.
This alert has been provided by the BAL Global Practice Group. For additional information, please contact berryapplemanleiden@bal.com.
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