Spain: early retirement more expensive for businesses making profit

Labor Minister Valeriano Gomez wants to ask businesses that cut staffing via early retirement to bear the cost of unemployment benefits, usually covered by public institutions.  The government’s goal is to force large businesses making profit to bear the cost of these leaves for employees over 52 who won’t easily find a new job.  For the Ministry, the starting point is applying the measure for early retirement as of 52 years old.  The idea of penalizing early retirement was often mentioned, but implementation problems daunted the lawmaker.  This time, the bill is made public as the former public monopoly, Telefónica, announced that it intended to cut staffing by 20% and encourage about 6,400 people to retire early in the next three years.
Enjoy this article for free while you’re in your trial period
You have access to our content for 1 month.

Ministry, the starting point is applying the measure for early retirement as of 52 years old. The idea of penalizing early retirement was often mentioned, but implementation problems daunted the lawmaker.

Do you have information to share with us?
What you absolutely must read this week
The essential content of the week selected by the editorial team.
See all
UK: government promises human rights due diligence bill
The news. On 4 November, the government promised, through Business Secretary Jonathan Reynolds before the House of Lords, the statutory introduction of human rights due diligence in the UK. It...
5 November 2026
UK: new protection measures against “fire and rehire” postponed to March 2027 
On 22 October, the UK government announced the postponement of the coming into force of measures aimed at restricting "fire and rehire" and "redundancy and re-employment", provided for under the...
5 November 2026
EU: several social texts promised for 2027
The news. On 4 November, the European Commission presented its work programme for 2027. While the focus is once again on simplification, several social texts have been announced. The European...
France: a bill by the end of the year to transpose the European directive on platform workers
The qualified experts appointed by the French government in the framework of transposing the Directive on Platform Workers submitted their report on 2 November. It paves the way for a bill by the...
4 November 2026
Most viewed articles of the month on mind HR
What readers clicked on the most last month.
What readers clicked on the most last month.
1
British bank Barclays cuts 5,000 jobs to invest in AI
Banking group Barclays has announced the cutting of 5% of its global workforce by the end of the year. Beyond disappointing quarterly results, Barclays primarily intends to free up the funds...
2
Germany: non-EU recruitment remains marginal despite skilled immigration reform
The news. Nearly a year and a half after the entry into force of the “Skilled Immigration Development Act”, only 4% of businesses have recruited at least one employee directly from a...
3
EU: several social texts promised for 2027
The news. On 4 November, the European Commission presented its work programme for 2027. While the focus is once again on simplification, several social texts have been announced. The European...