Spain: government and social partners sign ace plan on the employment of young people and long-term jobseekers

The plan provides for incentives to part-time recruitment for the ailing public, like young people under 30 and long-term jobseekers who have been searching for a job for over a year.  This system, known as “transition contract towards stable employment,” provides for reduced social contributions for businesses creating new part-time jobs (at least half-time). Contributions will be cut by 100% for SMEs and 75% in businesses with 250+ employees, and the cuts will apply to temporary (of at least six months) and permanent contracts alike.  These measures will apply for six months for the creation of part-time jobs, and for one year for permanent recruitments.  In cases where temporary contracts are later turned into permanent contracts, businesses may obtain reduced contributions with the same conditions as the recruitment incentive contract.