Greek seamen end strike after reaching deal on wage increase

Image
Reuters ATHENS
Last Updated : Sep 04 2018 | 4:35 PM IST

ATHENS (Reuters) - Greek seamen on Tuesday called off a strike that had kept ferries and passengers stranded in ports around the country, after reaching a deal with employers on a wage increase.

The strike, which started at 0600 (0300 GMT) on Monday, was led by the PNO seamen's federation and other unions including dockers and merchant marine engineers.

The PNO had initially planned to continue the strike to Wednesday but said it would end it after reaching an agreement with employers on a 2 percent pay rise this year, its members' first increase for eight years.

The walkout forced many holidaymakers to seek alternative ways of travelling in a country where tourism is a pivotal industry for an economy which is slowly emerging from a debt crisis.

After eight years of austerity prescribed by Greece's international lenders, its euro zone partners and the International Monetary Fund, the left-led government has pledged to reverse unpopular labour reforms and raise wages.

Marine unions have strongly resisted wage cuts prescribed by the country's international lenders and reforms liberalising the shipping sector.

(Reporting by Renee Maltezou; editing by Andrew Roche)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 04 2018 | 4:22 PM IST

Next Story