An indefinite employment agreement is regarded employment with a probationary period during the first 12 months of the agreement, which may be terminated without notice or severance compensation during the probationary period, unless the parties agree differently.
After the initial 12 months, the employee cannot be terminated without the employer's prior written notice, which takes effect on the day the employee is notified.
These regulations apply to all types of terminations, including collective dismissals of non-workers. No notice is required when terminating employees.
A fixed-term contract may be terminated without notice by either the employee or the employer prior to the end date for a 'significant reason'. Significant reasons are occurrences that occur throughout the employer-employee relationship that make it hard to continue in good faith with the agreement. If there is a compelling justification, the employer is not required to provide compensation.
Additionally, the labor law states that upon termination, a fixed-term employment contract that includes a provision for early termination in compliance with the required severance computation is automatically converted into an indefinite-term employment contract.
If the work relationship is based on a fixed-term contract, either the employee or the employer can terminate it at any time without notice. However, an explanation is stated (e.g., breach of contract, failure to comply with contract requirements, etc.). If no justification is offered, the employee has the right to file a claim in court and get compensation for the earnings earned up to the contract's expiration date. The duration of the notice period depends on the length of time the employee has been working if the employment contract is for an indefinite term. There will be a one-month notice period for individuals who have worked for the company for one to two years. The notice period is two months for employees who have been with the company for two to five years. The notice period is three months for employees who have been with the company for five to ten years. The notice period is four months for employees who have worked for more than ten years.
After one year of service, there is no requirement for severance pay. Severance pay for employees with more than a year of service varies by length of service and can be as much as 12 months' pay.
There is no regulatory probationary period in Greece.