Breaking news

Greece Hourly Labor Costs Rise 2.7% In Q4 2025

Overview Of The Increase

The latest preliminary data released by the Hellenic Statistical Authority reveals that the hourly labor cost experienced an annual increase of 2.7% in the fourth quarter of 2025. This overall escalation mirrors a consistent upward trend in the cost of labor across Greece.

Component Breakdown

Both main components of labor costs recorded increases. Wages and daily remuneration per hour rose by 2.7%, while non-salary labor costs increased by 2.9% year-on-year. Data indicate wage growth is accompanied by increases in additional employment costs.

Seasonally Adjusted Analysis

When evaluating the seasonally adjusted data quarterly, the hourly labor cost recorded a modest increase of 0.7% over the previous quarter. This percentage was consistently reflected across both wages and non-salary costs, underscoring the stability of the incremental trend despite underlying seasonal fluctuations.

Implications For The Business Landscape

Rising labor costs affect companies operating in cost-sensitive sectors. Higher wage and non-wage expenses increase overall production costs, particularly in industries with narrow margins. Similar trends may appear in other economies where labor costs represent a significant share of total expenses.

Starbucks Wins ‘Best Workplace / Employer Of Choice At The 18th IN Business Awards

Starbucks was recently awarded the ‘Best Workplace / Employer of Choice’ award at the 18th IN Business Awards in Greece — a recognition that reflects the company’s philosophy and its ongoing investment in its people.

This distinction confirms Starbucks’ commitment to creating a work environment defined by respect, collaboration, inclusivity, and equal opportunities for all. Starbucks consistently fosters a culture that encourages growth, authenticity, and participation since people are always at the center.

“At Starbucks, our success is rooted in our people. This recognition is a testament to our team’s dedication to nurturing a space where everyone can express themselves, grow equally, and deliver exceptional experiences to our customers,” said Pambis Anastasis — District Manager of Starbucks, who received the award.

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Through modern development and employee support practices, Starbucks meaningfully invests in the continuous training and empowerment of its workforce, offering learning opportunities, mentorship, and career advancement at every stage of their journey.

The company also promotes an inclusive workplace where every employee feels a sense of belonging, can express themselves freely, and grow equally. This approach is a core element of Starbucks’ identity and is reflected both in the company’s internal culture, and in the experience it delivers to customers.

Winning at the prestigious IN Business Awards is a great honor for Starbucks and serves as a strong affirmation that its people are always at the heart of every step it takes.

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