The benefits paid to laid-off Portuguese workers are going further down, to 12 days per year with a permanent contract in the company as opposed to 20 today. In keeping with its promise to the IMF and EU, the government wants this new Labor Code reform to come into force in October or November 2013, after the Parliament adopts it soon. The Parliament also agreed to the creation of two funds. One will be used to pay for part of the layoff benefits. (Ref. 130442)
Layoff pay. The Parliament approved the government’s bill No. 120/XII, which once again amends the compensation system in case of layoffs. Now, it will amount to 12 days per year spent in the company. This is the 2nd Labor Code review as far as layoff pay is concerned. in 2012, the MPs approved a first cut, bringing compensation from 30 down to 20 days per year spent in the company (see article No.
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