An indefinite employment agreement is considered to be employed with a probationary period for the first 12 months of the agreement, which may be terminated during the probationary period without notice and without severance pay unless otherwise agreed by the parties.
After the first 12 months, the employee cannot be terminated without prior written notice from the employer, which will take effect from the day after the employee is notified.
These provisions apply for all forms of dismissals, including collective dismissals for employees that are not workers. Terminating workers doesn’t require any notice.
A fixed-term contract can be terminated by the employee or the employer before the end date immediately without notice period for a ‘Significant reason’. Significant reason includes events during the employer-employee relation which make it impossible to continue the agreement in good faith. If a significant reason exists, the employer is not obliged to pay compensation.
Furthermore, article 40 of law 3986/2011 mentions that a fixed-term employment contract, which includes a term for early termination in accordance with requires severance calculation is automatically converted into an indefinite-term employment contract upon termination.
If the employment relationship is based on a fixed-term contract, it can be terminated immediately without notice by either the employee or employer. However, a reason (i.e. breach of contract, failure to comply with the terms of the contract, etc.) is given. If no reason is given, the employee is able to make claim in court and is able to receive compensation for the wages that would have been received until the contract expiry date.
If the employment contract is for an indefinite period, the length of the notice period depends on the length that the employee has been employed:
Number of Years: 1-2 years
Notice Period: 1 month
Number of Years: 2-5 years
Notice Period: 2 months
Number of Years: 5-10 years
Notice Period: 3 months
Number of Years: 10 years+
Notice Period: 4 months