Spain passes a significant labor reform, releasing billions in EU funds

[elementor-template id=”3753″]

This is dummy title and will be replaced with real title of your post


Image with size : 1140×570

Image: Copyright Kenzo Tribouillard, Pool Photo via AP

The Spanish parliament confirmed a significant labor reform planned by the country’s Socialist-led coalition government by a single vote on Thursday, allowing billions of euros in European Union aid to be released.

The Socialist Party and its junior coalition partner, Unidos Podemos (United We Can), were joined by nine smaller parties in voting in favor of the measure passed by the Cabinet at the end of December.

The bill was defeated by primarily conservative opposition parties 175-174 thanks to cross-party support.

Only 155 of the 350 seats in Spain’s Congress of Deputies are controlled by the minority coalition government.

The law was drafted by the government with the help of trade unions and employers, who both approved it.

Its decision satisfies a promise given to the European Commission by Prime Minister Pedro Sánchez’s administration, allowing the eurozone’s fourth-largest economy to receive its next payment of EU pandemic recovery funding.

Sánchez’s administration has made labor reform a priority. It undoes some of the pro-business policies enacted by a previous conservative administration during the sovereign debt crisis in 2012.

Most temporary contracts are now limited to three months, and collective bargaining with unions is once again the primary method of negotiating wages and conditions.

Job insecurity in Spain is mostly blamed on short-term and temporary employment contracts, particularly among young people who are simultaneously experiencing high unemployment.

The unemployment rate among those under the age of 25 was 29.2% in November. The national rate was 14.1 percent, compared to 7.2 percent for the eurozone’s 19 countries.

Xpath Global is the first SaaS-enabled Marketplace destined for the global mobility industry.

Source: euronews.com

Related Posts

Tagged