Greek unions unemployment at 17 by December 2009

first_img Facebook Twitter: @NeosKosmos Instagram Greece’s unemployment rate is expected to shoot up to 17.3 percent in 2010, from 8.6 percent currently, according to the country’s largest union group, the General Confederation of Greek Workers (GSEE).GSEE, which represents some 2 million private sector workers, yesterday presented a study put together by its Labor Institute INE, which estimates that the jobless rate will rise to 15 percent by the end of the year.Savas Robolis, scientific director of GSEE’s Labor Institute, told reporters that unemployment is not seen as returning to pre-crisis levels until 2015, without giving any further details.A number of temporary government-run programs that provide employment to mainly young people will end during 2009, pushing up the jobless rate this year by at least two percentage points, according to the General Confederation of Greek Workers.Data from the National Statistical Service (NSS) showed a hike in the unemployment rate to 8.6 percent in June, climbing 1.3 percentage points compared to the same month a year earlier.The number of people officially unemployed went up by 67,729 from June last year to 427,707 out of the country’s total 4.57 million people in the work force.Policies adopted by the Karamanlis government to provide the economy with a boost, such as providing banks with liquidity and increasing the tax burden on workers, will prolong the recession and delay a recovery until after 2011, GSEE said.Turning to personal incomes, the study found large imbalances among different social groups in Greece.The country’s richest 20 percent earn about six times more than the country’s poorest 20 percent, according to the study, which said that only in Romania, Portugal and Latvia are there larger income inequalities than in Greece.The study estimated that there is no turnaround expected in income inequality anytime soon due to the economic crisis.last_img read more

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first_img Facebook Twitter: @NeosKosmos Instagram Greece’s unemployment rate is expected to shoot up to 17.3 percent in 2010, from 8.6 percent currently, according to the country’s largest union group, the General Confederation of Greek Workers (GSEE).GSEE, which represents some 2 million private sector workers, yesterday presented a study put together by its Labor Institute INE, which estimates that the jobless rate will rise to 15 percent by the end of the year.Savas Robolis, scientific director of GSEE’s Labor Institute, told reporters that unemployment is not seen as returning to pre-crisis levels until 2015, without giving any further details.A number of temporary government-run programs that provide employment to mainly young people will end during 2009, pushing up the jobless rate this year by at least two percentage points, according to the General Confederation of Greek Workers.Data from the National Statistical Service (NSS) showed a hike in the unemployment rate to 8.6 percent in June, climbing 1.3 percentage points compared to the same month a year earlier.The number of people officially unemployed went up by 67,729 from June last year to 427,707 out of the country’s total 4.57 million people in the work force.Policies adopted by the Karamanlis government to provide the economy with a boost, such as providing banks with liquidity and increasing the tax burden on workers, will prolong the recession and delay a recovery until after 2011, GSEE said.Turning to personal incomes, the study found large imbalances among different social groups in Greece.The country’s richest 20 percent earn about six times more than the country’s poorest 20 percent, according to the study, which said that only in Romania, Portugal and Latvia are there larger income inequalities than in Greece.The study estimated that there is no turnaround expected in income inequality anytime soon due to the economic crisis.last_img read more

Go back to the enewsletter Malaysia Airlines Berh

first_imgGo back to the e-newsletterMalaysia Airlines Berhad has exercised the lease option for a 12-year lease agreement for an additional two new Airbus A350-900s with Air Lease Corporation (ALC). The transaction is pursuant to the option provided under the existing Lease Agreement for the four A350-900s signed by both parties in September last year.Powered by two Rolls Royce Trent XWB-84 engines, the A350 aircraft are from ALC’s order book with Airbus and will be delivered in 2018.Malaysia Airlines Berhad’s Chief Executive Officer Christoph Mueller said, “The additional two Airbus A350-900s will complement the existing four that are on order to reach a critical fleet size, allowing standby aircraft for any scheduled maintenance and enabling future network expansion. Technological and innovative advancements make flying this aircraft a real pleasure and it will bring a whole new experience to our offerings, with the aircraft able to operate non-stop from Kuala Lumpur to London and throughout Asia.”“We are very pleased to partner with Air Lease Corporation again on this strategic transaction” Mueller further added.“ALC couldn’t be more pleased to place these two additional aircraft with Malaysia Airlines Berhad. In addition to the four A350-900s placed by ALC last year, we are confident that these two additional A350-900 aircraft will further maximise Malaysia Airlines’ business operations as well as global growth,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer.Go back to the e-newsletterlast_img read more

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first_imgGo back to the e-newsletterMalaysia Airlines Berhad has exercised the lease option for a 12-year lease agreement for an additional two new Airbus A350-900s with Air Lease Corporation (ALC). The transaction is pursuant to the option provided under the existing Lease Agreement for the four A350-900s signed by both parties in September last year.Powered by two Rolls Royce Trent XWB-84 engines, the A350 aircraft are from ALC’s order book with Airbus and will be delivered in 2018.Malaysia Airlines Berhad’s Chief Executive Officer Christoph Mueller said, “The additional two Airbus A350-900s will complement the existing four that are on order to reach a critical fleet size, allowing standby aircraft for any scheduled maintenance and enabling future network expansion. Technological and innovative advancements make flying this aircraft a real pleasure and it will bring a whole new experience to our offerings, with the aircraft able to operate non-stop from Kuala Lumpur to London and throughout Asia.”“We are very pleased to partner with Air Lease Corporation again on this strategic transaction” Mueller further added.“ALC couldn’t be more pleased to place these two additional aircraft with Malaysia Airlines Berhad. In addition to the four A350-900s placed by ALC last year, we are confident that these two additional A350-900 aircraft will further maximise Malaysia Airlines’ business operations as well as global growth,” said Steven F. Udvar-Házy, Air Lease Corporation’s Chairman and Chief Executive Officer.Go back to the e-newsletterlast_img read more

Fords Go Electric event in Europe goes mostly hybrid

first_imgSource: Charge Forward Ford’s “Go Electric” event in Amsterdam today revealed the automaker’s electrified vehicle lineup in Europe, but all of the new production models introduced at the event were hybrid variants. more…The post Ford’s ‘Go Electric’ event in Europe goes mostly hybrid appeared first on Electrek.last_img

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first_imgSource: Charge Forward Ford’s “Go Electric” event in Amsterdam today revealed the automaker’s electrified vehicle lineup in Europe, but all of the new production models introduced at the event were hybrid variants. more…The post Ford’s ‘Go Electric’ event in Europe goes mostly hybrid appeared first on Electrek.last_img