OAED suggested to the Ministry of Labour, the implementation of a new program for subsidizing employment for unemployed persons, being 25 to 66 years old. This new program will cover 12,000 unemployed persons, for employment in private sector companies, allover Greece, with an annual full-time contract. The feature of the new program will be to reduce the rate of seniority, from 10% to 5 %, for the long-term unemployed. The beneficiaries must:
• be unemployed (possess a valid unemployment card), age 25-66 years old,
• have passed the counselling process for their skills from OAED.
The subsidy will be 450 euros / month on a year basis.