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Greek Labor Minister Outlines Dual Minimum Wage Increases Through 2028

by THEFUTURE.TEAM

November 19, 2025

Greek Labor Minister Giannis Panagiotou confirmed that the national minimum wage is set for two revisions before 2028. The first revision, expected to be decreed in December 2025 and take effect in January 2026, marks a definitive step following the parliamentary Economic Committee’s review of the Ministry of Labor’s 2026 budget. A second revision is anticipated in December 2027, with its implementation planned for 2028.

Economic Outlook And Advisory Process

The minister stated unequivocally that an increase in the minimum wage is guaranteed from January 2026. Although details regarding the scale of the adjustment remain forthcoming pending further consultations with the advisory committee, the plan reflects optimism about the positive trajectory of the national economy. Notably, approximately 55,000 workers who receive the minimum wage are expected to benefit.

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European Directive Compliance And Wage Adequacy

In addition to establishing the timeline for wage increases, the minister emphasized steps toward complying with the European directive on wage adequacy, recently upheld by the European Court of Justice. Social partners will soon be invited to the inaugural meeting of the advisory committee dedicated to revising the minimum wage, underscoring the collaborative approach taken in these adjustments.

Legislative Measures And Pension Reform

Looking ahead, the first quarter of 2026 is set to witness the submission of an action plan on wage adequacy to the European Commission, followed by the introduction of legislation in Parliament to transpose the directive. Additionally, considerations such as the treatment of arrears for the minimum wage will cover the two preceding years cumulatively. In a related move, the minister assured that drafts for pension reform will be submitted later this year, with the reforms expected to be implemented by 2027.

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Monday.com To Cut 20% Of Workforce As It Expands AI Strategy

Monday.com, the Israeli workplace software company, is laying off about 630 employees, or roughly 20% of its workforce, as it restructures the business to support a leaner operating model and accelerate investment in artificial intelligence.

Restructuring Around AI

In a regulatory filing, the company said the workforce reduction is intended to better align resources with its AI strategy, which has become a central focus of its product development.

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Earlier this year, Monday.com expanded its AI offering by introducing the Monday.com AI Work Platform, designed to integrate AI agents into day-to-day business workflows.

The platform includes a no-code app builder, a customizable AI agent, workflow automation tools and a chatbot capable of generating reports, updating dashboards and assisting with routine tasks.

Part Of A Wider Industry Trend

Monday.com’s restructuring reflects a broader shift across the technology sector, where companies are reducing costs while increasing investment in AI development and infrastructure.

According to Layoffs.fyi, tech layoffs rose sharply in May, with 78% of companies citing AI-related restructuring as a factor behind job cuts this year. More than 122,000 technology roles have been eliminated worldwide in 2026, according to the tracker.

Restructuring Costs

Monday.com expects to record restructuring charges of between $45 million and $55 million as a result of the layoffs. The move highlights how software companies are reallocating resources to support AI-focused products and services as competition in the sector intensifies.