LAEK Subsidies See 3-Year Delay in Payments

Tuesday, February 28th, 2017
Last Update: 15:05

To date there has been a 3-year delay in payments to subsidies of companies who are funded through the Account for Employment and Professional Training (LAEK) for their internal training programs, sources have reported.

The delay is said to mainly be caused by the economic crisis that has been crippling Greece for nearly a decade. Also, reported that “technical problems, as well as inherent difficulties in the nature of the programs, which involve a variety of entities in a labyrinthine process, have all led to extraordinary delays.”

In all some 15,000-20,000 companies and over 150,000 employees participate in the Manpower Organization’s (OAED) program of LAEK which aims at training employees to learn special skills which, in turn, helps the prosperity of the companies.

Due to the economic crisis, there is uncertainty if the training programs will continue or if further budget cuts will put an end to LAEK.

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