The Cabinet an increase in the minimum wage from €830 to €880 (gross) as of April 1. The 6.02% increase amounts to €50, but after taxes and contributions, employees will see a net increase of €33.78 per month, while employers will incur an additional cost of €60.89 per employee. The minimum daily wage has also risen from €37.07 to €39.30.
The increase directly affects over 1.6 million workers, including 575,000 in the private sector, as well as all those receiving benefits linked to the minimum wage, such as maternity, parental leave, unemployment, and marriage allowances. For the first time, all public sector employees will also be included.
Minimum wages for employees with seniority increments have also been adjusted, reaching up to €1,144 (gross) for those with three increments.
According to official data, employees with up to two children and public sector workers gain the most from these increases. On an annual basis (14 salaries), the net increase amounts to €473 for those without children and €606 for those with two or more children.
Business representatives stress that the minimum wage increase should be paired with tax reductions and support for small and medium-sized enterprises.
According to Kyriakos Mitsotakis, the minimum wage has increased by €230 per month, or 35.4%, since 2019. Greece now ranks 11th among the 22 EU countries with a legislated minimum wage.
Business representatives emphasize that the increase should be accompanied by tax reductions and support for small and medium-sized enterprises.
In a statement, the General Confederation of Greek Workers (GSEE) noted that 60% of employees say their wages are insufficient to cover monthly expenses, while nearly 90% report having to cut back on essential food items to make ends meet.
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