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Greek law firms are using employment law reforms to instigate structural change

By Dimitrios Kremalis, Partner, Kremalis

15 January 2013

Greek employment law has recently undergone significant upheavals. Major reforms have been part of a targeted programme aimed at boosting the economy, with unprecedented financial haircuts and considerable changes to the structure of both the public and private sectors. Within this newly-developed business environment, law firms have also been affected both as professional service providers and more generally as employers.

Employment law provisions and relevant case law in Greece were historically renowned for their traditionalism and employee-friendly attitude. The main law regulating severance pay stems from 1920 and, while it has been amended several times since then, it now constitutes a heavily-overregulated texture of legislation, regulations and court rulings.

After the Greek government signed the so-called memoranda with the International Monetary Fund, European Commis...

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