Spain tries to avoid economic collapse

New economic problems for Spain

In brief: The dismissed workers, who worked on such contracts, are paid 45 working days for each year spent in the company, temporary workers - just over eight days.

The Spanish government plans to establish funds for payment of benefits to employees who may frequently change jobs. Told Prime Minister Jose Luis Rodriguez Zapatero. The mechanism will allow employees to be more mobile, – said Zapatero. New proposals are part of the labor market reforms, which will be announced on 16 June and aims to reduce unemployment, which reached 20%.

The European Central Bank and the IMF called on Spain to accept changes in the laws on unemployment, to help the public funds to work for economic recovery, situated in a recession for almost two years. The changes will allow employers to reduce working hours in times of economic difficulties, said on Friday Labour Minister Celestino Korbacho. Loss-making companies will also be easier to dismiss employees. In Spain, one of the highest benefits for dismissal on indefinite contracts among the European countries, according to the World Bank.

Igor Tringlers
2010-06-12 12:48, Economics.

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