Wednesday, February 22, 2012

Greece Unveils the Negative Salary

Yes, beginning this month some Greeks will have to pay for the privilege of having a job.  From the Press Project, "Salary cutbacks (called "unified payroll") for contract workers at the public sector set to be finalized today. Cuts to be valid retroactively since November 2011. Expected result: Up to 64,000 people will work without salary this month, or even be asked to return money. Amongst them 21,000 teachers, 13,000 municipal employees, and 30,000 civil servants."  I wonder if this will catch on outside of Greece.  What do you think? 

No comments: