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ARTICLE · 07 NOVEMBER 2023

Seniority-Based Wage Increases Returning In 2024

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Law 5053/2023, approved by the Greek Parliament in September, amends the Labor Code to transpose the provisions of European Union (EU) Directive 2019/1152...

European UnionEmployment and HR
Michael Zeler
Michael Zeler

Salary increases based on seniority, once suspended, are now back in effect, with employers preparing for possible increased labor costs and administrative challenges.

Employer Action Code: Act

Law 5053/2023, approved by the Greek Parliament in September, amends the Labor Code to transpose the provisions of European Union (EU) Directive 2019/1152 on transparent and predictable working conditions. The law also includes a number of changes unrelated to the directive, notably the reinstatement of seniority-based increases to the minimum wage and to certain other payments, which were suspended in 2012 as part of austerity measures. The provisions generally took effect when the law was published in the official government gazette on September 26, 2023.

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