Greek Parliament Approves Massive Layoff Plans
STEVE INSKEEP, HOST:
NPR's business news starts with massive layoffs in Greece.
(SOUNDBITE OF MUSIC)
INSKEEP: Greek lawmakers approved emergency plans to cut 15,000 government jobs by the end of next year. They have to do that in order to receive more European Union bailout funds.
The Greek parliament approved a measure in a vote on Sunday. Their new law will overturn what had been a constitutional guarantee for public sector workers to have a permanent position for life.
There were street protests outside parliament against this move, but all three parties in the governing coalition supported the plan.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.