Subsidy program for 1,300 long-term unemployed over the age of 55

The Joint Ministerial Decision (KYA) for the start of a support program for the unemployed was signed by the Minister of Labor and Social Security, Domna Michaelidou, and the Minister of the Interior, Niki Kerameos and the Deputy Minister of National Economy and Finance, Thanos Petralias.

The employment subsidy program concerns 1,300 long-term unemployed, over the age of 55 and is lasting for 24 months.

The objective of the program, budget 31.2 million euros, is to create a total of 1,300 new full-time jobs in the public sector of health, with the recruitment of unemployed, aged 55 and over.

Beneficiaries of the program are unemployed, between the ages of 55 and 67, as well as unemployed 67 to 74 years, who have not completed the required retirement age to establish a full pension right, registered in the digital register of unemployed persons of DYPA.

As stated in a relevant announcement, the subsidy amount per beneficiary is set at 75% of salary and non-salary costs and up to 750 euros and is covered by the budget of DYPA and the bodies of the General Government, which will employ the beneficiaries.

Domna Michaelidou, Minister of Labor and Social Security

“Our concern is to support the work force and find solutions. The labor market integration program for 1,300 long-term unemployed over the age of 55 is part of this framework. Through this program, we not only support the long-term unemployed, but also strengthen the structures of the public health system. Our aim is clear to further enhance the disposable income of citizens. No one is going to be left behind”.