40,000 Greek Workers Fired or Suspended

‘The imposition of capital controls delivered the last blow to the public construction projects, leading to many cancellations, even in sites that operated normally until yesterday. The main reason behind the cancellations is that there is no way for the workers to be paid.

It was estimated that over the last weekend thousands of workers were laid off or suspended until the political and economic situation of the country clears up. “We estimate that approximately 40,000 people have departed in the last days, as many construction sites have closed down, leading to layoffs and suspensions,” noted Zacharias Athoussakis, Chairman of SATE, an organization that represents medium and large engineering companies. At this point, it is certain that many of these jobs have been permanently lost, even if the construction sites reopen.’

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