(UPDATE) Greece – No to additional 22,000 layoffs asked by IMF

Greece / Rejecting IMF demand for 22,000 extra layoffs

Greece has rejected a last-minute IMF demand for thousands of additional civil service layoffs, a finance ministry source said on Tuesday ahead of a crucial eurozone meeting to debate loan relief for Athens.

The global lender on Monday called for 22,000 extra job cuts by 2014 in addition to the massive state payroll scaleback agreed with Greek authorities, part of a raft of reforms enacted in return for EU-IMF bailout loans.

“The government has categorically refused,” the source told AFP on condition of anonymity…

Choosen excerpts by Job Market Monitor from

via Greece rejects IMF demand for extra layoffs: official – The Economic Times.

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Greece – Rumors that the country’s troika of foreign lenders had called for an additional 22,000 layoffs

Government sources on Monday refuted reports that the country’s troika of foreign lenders had called for an additional 22,000 layoffs in the public sector next year even as municipal employees continued sitins at hundreds of city halls and municipal services across the country to protest their inclusion in a fast-track scheme to redundancy.

The demand for 22,000 layoffs next year is said to have been forwarded to the Finance Ministry by International Monetary Fund officials, a report denied by ministry officials. According to the unconfirmed reports, these layoffs would be in addition to the total of 80,000 civil service departures demanded by the troika through 2016. Sources told Kathimerini that the rumors could be a tactic by the IMF in the ongoing diplomatic standoff between the Fund and eurozone officials on the Greek issue.

Meanwhile the government was struggling to enforce the induction of 2,000 civil servants into a pre-redundancy scheme by the end of this year, as promised to the troika…

Choosen excerpts by Job Market Monitor from

via ekathimerini.com | Sitins continue amid rumors of more layoffs.