Bloomberg News

Greek Labor Reserve System to Save 300 Million Euros in 2012

October 02, 2011

Oct. 2 (Bloomberg) -- Greece will save 300 million euros in 2012 by implementing a labor reserve system for 30,000 state workers by the end of the year, according to statement from the Athens-based office of the government spokesman.

The system, which will put workers on reduced pay, will focus on those who are eligible for retirement in the next 24 months, according to the statement.

To contact the reporter on this story: Natalie Weeks in Athens at nweeks2@bloomberg.net

To contact the editor responsible for this story: Maria Petrakis at mpetrakis@bloomberg.net


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