Portugal: incentives granted to companies hiring unemployed people aged 35 or under on permanent contracts

Portugal is to introduce a new financial incentive scheme to encourage companies to hire young, skilled people who are currently out of work, under a decree published on 3 July 2023. To qualify for this financial aid, employers must hire on an open-ended contract a jobseeker aged 35 or under, who is registered with Portugal’s Institute for Employment and Vocational Training (IEFP) and has a higher education qualification. The individual’s salary must be at least €1,330 per month. Companies...