Part-time work is on the rise

In a country suffering from a protracted economic crisis and high unemployment, part-time employment offers a solution to companies struggling to stay afloat. It has also doubled in size since the start of the financial meltdown, a report by the Hellenic Federation of Enterprises (SEV) shows.

Despite a significant spike witnessed in the last decade that has seen about one in 10 workers in Greece taking on a part-time job, this is roughly half the average rate in the 28 countries of the European Union, which comes to two in every 10 workers.

In its weekly bulletin yesterday, SEV noted that in a period of crisis part-time work may be obligatory for both enterprises and workers, but it is also becoming an increasingly growing practice all over the world, facilitating companies to better regulate their operational costs according to demand fluctuations. It also allows...