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Memorandum of Understanding on Specific Economic Policy Conditionality4. Strengthening labour market institutions and promotingemployment and social inclusionThe Government will foster the effective implementation of the recent labour reforms and build uponthem to boost employment and support restoring cost-competitiveness, notably to sustain a reductionin nominal unit labour costs in the economy by 15 per cent. Effective implementation of reforms ofproduct and service markets will help improve the transmission of labour cost reductions into lowerprices and enhance competitiveness.The Government is promoting an efficient wage-setting system, reducing non-wage labour costs,fighting undeclared work and informality, also by streamlining administrative burdens and increasingthe transparency and enforceability of the labour law. The Government will enhance policies in orderto help the unemployed in remaining attached to the labour market and to increase their matching topotential employers and to improve social safety nets in an affordable and adequate way. Reforms inlabour legislation will be implemented in consultation with social partners, and in respect of EU acquisand Core Labour Standards.4.1. The wage-setting systemPrior to disbursement, the Authorities:a. To increase incentives for hiring long-term unemployed workers, and as part of a broaderpackage to support long-term unemployed, the government will adopt legislation thatadjusts the statutory minimum wage for long-term unemployed (defined as beingunemployed for more than one year) aligning the maturity allowances of white collarworkers with the blue-collar ones, in percentage terms, for workers over 25.4.2. Fighting undeclared work and informality and lowering compliancecostsTo help formality in labour arrangements by reforming the Labour Inspectorate and streamlining theadministrative burden to foster compliance, the Government:1. Strengthens the fight against undeclared work and raises the effectiveness of the LabourInspectorate through focussing on its core roles of enforcing labour law and labour contractsand health and safety standards. Prioritising the activities of the Inspectorate and fosteringthe detection of the most severe cases of violations are expected to be at the core of thosechanges (continuous).2. Streamlines and reduces the labour reporting requirements in a timely and comprehensivemanner, including through implementing the conclusions of the OECD administrativeburden review (April 2014).1924.3. Further improving regulatory frameworkThe Government will review existing labour regulations with the purpose of identifying measures that,building on recent reforms, would further contribute to attract investment and support job creationwhile aligning Greece with best practices in other countries, while ensuring full compliance with EUacquis and Core Labour Standards. That shall include regulatory issues concerning the re-structuringof companies and the possible role of the authorities in collective dismissals to ensure a balancebetween adjustment needs and a fair sharing of the burden of adjustment between workers, firms and
Memorandum of Understanding on Specific Economic Policy ConditionalityGovernment. The exercise also includes the legal framework for temporary work agencies' activity toseek ways of fostering job creation, responding also to the needs and preferences of user undertakingand employees. The Government will also compile the existing legislation relevant for labour andindustrial relations in a single code.In this light, the Government:1. Introduces administrative changes, in consultation with social partners, on the frameworkfor collective dismissals (April 2014).2. Undertakes an assessment, in consultation with the EC/ECB/IMF and the ILO, on whetherthe collective dismissal system replicates best practices in an effective, credible, and durableway (September 2014).3. Based on that assessment, in case of doubt, it takes appropriate legislative action to align theframework with best practices (October 2014).4. Revises the framework for employment through temporary work agencies, notably bysubstantially broadening the types of work, positions and contracts for which hiring throughtemporary work agencies is possible; reducing restrictions on hiring via temporary workagencies following redundancies for economic reasons (from 6 to 3 months for individualredundancies, and from 12 to 6 months for collective dismissals) (April 2014).5. To safeguard the right to work, promote constructive relations among parties to industrialrelations, and avoid any undue disruption of the operations of firms, and at the same timeensure that the framework for unions’ operations is mature and aligned with internationalconventions:i. Reviews the existing framework against best practices (June 2014).ii.After consultations with social partners prepares the necessary legislative changesto bring the Greek framework in line with best practices, and in full respect of theapplicable international conventions, by September 2014.iii. Adopts those changes by October 2014.6. Sets a roadmap for the codification of all existing legislation relevant for labour andindustrial relations into a single Labour Code (June 2014).7. Completes the codification of all existing legislation relevant for labour and industrialrelations into a single Labour Code (December 2014).4.4. Expanding and upgrading vocational education and apprenticeshipsIn order to sustainably increase the level of skills and the employability of entrants to the labourmarket, to facilitate mobility of workers and to attract new investment, the Government will ensure themodernisation of vocational education and training (VET) and the increase in the provision ofapprenticeships to implement Law 4186/2013 of September 2013.1. The Ministry of Labour and the Ministry of Education with OAED, building on the VETRoadmap, adopt a detailed implementation plan for the modernisation and expansion ofvocational education and training and the provision of apprenticeships (April 2014). Theimplementation plan will contain key milestones including inter alia:i. The development of a quality framework for vocational education andapprenticeships by June 2014. This will include concrete proposals to establish aquality framework, in line with the European Quality Assurance ReferenceFramework for VET (EQAVET) and best practices at European level, on the basisof the occupational profiles defined by EOPPEP; the development of a certificationscheme for businesses offering apprenticeships with associated supervision and193
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OUTLINE OF THE REPORTEXECUTIVE SUMM
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LIST OF GRAPHSGraph 1. Economic cli
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ACKNOWLEDGEMENTSThe report was prep
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European CommissionThe Economic Adj
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1. INTRODUCTION1. INTRODUCTION1. Th
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2. MACROECONOMIC AND FINANCIAL DEVE
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2. Macroeconomic and financial deve
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Chart 3Graph 2.3. Exports of goods
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Chart 17Graph 11.1 labour reform in
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Chart 18Graph 13.1. Distance to Fro
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4. DEBT SUSTAINABILITY ANALYSIS AND
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4. Debt sustainability analysis and
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4. Debt sustainability analysis and
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ANNEX 2: MACROECONOMIC FORECASTANNE
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ANNEXTable B1: USE AND SUPPLY OF GO
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ANNEXTable C1: FISCAL ACCOUNTS AND
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