The Spanish government has unveiled details of its pilot project encouraging companies to reduce their working hours or even adopt a four-day week. The plan, which will be powered with €10 million of funding, will provide support for 60 to 70 SMEs, with subsidies of up to €150,000 over two years to help them review their organisational methods. The aim is to increase productivity while reducing working hours by at least 10%, without any reduction in pay for employees.
On 16 December, Spain’s Ministry of Industry published the details of the pilot project designed to encourage companies with fewer than 250 employees in the industrial sector to switch to a shorter working week. The €10 million project will help SMEs over a period of two years in their efforts to make their operations more efficient, with a view to “reducing working hours, maintaining wages and improving company results”, explains Reyes Maroto, Spanish industry minister. Some 60 to 70...
You are reading this article thanks to your subscription to Mind Retail.
Explore new horizons by checking out our other verticals:
Do you have information to share with us?
Article authors
Cécile Thibaud
Freelance