The third amendment to the Portuguese Labour Code, under the Memorandum of Understanding (MoU) with the Troika, is intended to lead to a new labour system that allows greater flexibility and growth.
The unemployment rate in Portugal was around 15% in early September 2012, which means that by now there are more than 800,000 unemployed.
In 1930, John Maynard Keynes said that, at the beginning of the 21st century, we would work around 15 to 21 hours per week and we would live on half of our actual income. Therefore, we would not
Portugal is seen as having one of the most rigid European legislations on labour and employment, something that is often used as an excuse for the country’s lack of competitiveness.Portugal’s bailout has
On February 10th, 2012, the Cabinet approved Royal Decree-Law nº 3/2012 regarding urgent measures to reform the Spanish labour market. In the short-term, the primary objective is to slow the pace of the job losses in Spain,
As we enter the annus horibilis of 2012, we are witnessing a significant effort by the Portuguese Government to try to overcome the crisis and to finally tackle Portugal’s Labour market, which is long due
The severe economic crisis, rising unemployment and the austerity measures resulting from the Memorandum signed between the Portuguese Government and the EC, IMF and ECB have placed great pressure upon labour legislation in Portugal. Both
The 2011 Portuguese budget includes a controversial pay cut to civil servants’ salaries of at least 5% to those earning more than €1,500 per month. Only time will tell if these measures will have the desired impact on
Spain’s Workers’ Statute, at the time of its enactment, no doubt served a pivotal role of stability in the Spanish labour market. One of the main objectives then was to break with the previous
The first corporate codes of conduct (Codes) came into being in the 1970s but it was not until the 1990s that, as a result of globalisation, they became commonplace. Large companies started to publish Codes
