Greece / 150,000 civil servants jobs to be cut by 2015

Greece is locked in talks with international creditors in Athens about shrinking the government workforce by enough to keep bailout payments flowing.

Identifying redundant positions and putting in place a system that will lead to mandatory exits for about 150,000 civil servants by 2015 is a so-called milestone that will determine whether the country gets a 2.8 billion-euro ($3.6 billion) aid instalment due this month. More than a week of talks on that has so far failed to clinch an agreement.

Chosen excerpts by Job Market Monitor 

via Greece Faces 150,000 Job-Cut Hurdle to Aid Payment: Euro Credit – Bloomberg.

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