Greece to cut 15,000 jobs for bailout

Greek lawmakers on Sunday agreed to cut thousands of government workers to secure another 8.8 billion euros ($11.5 billion) in bailout funds.

The vote clears the way for 15,000 civil servants to be fired by the end of 2014, the first time Greece's cash-strapped government has said it will cut its workforce of about 700,000.

The right to a permanent position once hired by the public sector had been protected by the Greek constitution before Sunday, and about one in four Greeks is on the public payroll. Cutting that figure is part of the loan agreement between the government and its creditors, the European Union and the International Monetary Fund.



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But the layoffs will be coming when unemployment has skyrocketed to more than 27%. Previous austerity measures have cut pay for public workers as much as 30% and reduced pension benefits.

CNNMoney: Jobless misery deepens in Greece and Spain

Sunday's 168-123 vote came after heated debate in parliament and with protesters gathered outside. The civil servants union ADEDY said the measure will signify the end of the country's welfare state, but the three parties that make up the country's ruling coalition supported the layoff bill.

'We are going through a very difficult path, but this is going to be a success story,' Prime Minister Antonis Samaras told reporters after the vote.

EU and IMF officials said earlier this month that Greece is on track to reach its bailout targets. But each round of austerity measures has fueled sometimes-violent demonstrations, and critics argue the tax increases and spending cuts imposed by struggling eurozone economies have driven up unemployment without spurring growth.

28 migrant workers wounded in shooting over wages in Greece

28 migrant workers wounded in shooting over wages in Greece 28 migrant workers wounded in shooting over wages in Greece 28 migrant workers wounded in shooting over wages in Greece 'We are going through a very difficult path, but this is going to be a success story,' Prime Minister Antonis Samaras told reporters after the vote. 'We are going through a very difficult path, but this is going to be a success story,' Prime Minister Antonis Samaras told reporters after the vote. 'We are going through a very difficult path, but this is going to be a success story,' Prime Minister Antonis Samaras told reporters after the vote. 28 migrant workers wounded in shooting over wages in Greece Greek lawmakers on Sunday agreed to cut thousands of government workers to secure another 8.8 billion euros ($11.5 billion) in bailout funds. But the layoffs will be coming when unemployment has skyrocketed to more than 27%. Previous austerity measures have cut pay for public workers as much as 30% and reduced pension benefits. CNNMoney: Jobless misery deepens in Greece and Spain The right to a permanent position once hired by the public sector had been protected by the Greek constitution before Sunday, and about one in four Greeks is on the public payroll. Cutting that figure is part of the loan agreement between the government and its creditors, the European Union and the International Monetary Fund. The right to a permanent position once hired by the public sector had been protected by the Greek constitution before Sunday, and about one in four Greeks is on the public payroll. Cutting that figure is part of the loan agreement between the government and its creditors, the European Union and the International Monetary Fund. 28 migrant workers wounded in shooting over wages in Greece CNNMoney: Jobless misery deepens in Greece and Spain The vote clears the way for 15,000 civil servants to be fired by the end of 2014, the first time Greece's cash-strapped government has said it will cut its workforce of about 700,000. CNNMoney: Jobless misery deepens in Greece and Spain But the layoffs will be coming when unemployment has skyrocketed to more than 27%. Previous austerity measures have cut pay for public workers as much as 30% and reduced pension benefits. Sunday's 168-123 vote came after heated debate in parliament and with protesters gathered outside. The civil servants union ADEDY said the measure will signify the end of the country's welfare state, but the three parties that make up the country's ruling coalition supported the layoff bill. Greek lawmakers on Sunday agreed to cut thousands of government workers to secure another 8.8 billion euros ($11.5 billion) in bailout funds. CNNMoney: Jobless misery deepens in Greece and Spain CNNMoney: Jobless misery deepens in Greece and Spain But the layoffs will be coming when unemployment has skyrocketed to more than 27%. Previous austerity measures have cut pay for public workers as much as 30% and reduced pension benefits. Sunday's 168-123 vote came after heated debate in parliament and with protesters gathered outside. The civil servants union ADEDY said the measure will signify the end of the country's welfare state, but the three parties that make up the country's ruling coalition supported the layoff bill.

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