Spain: plans being studied for ‘restorative’ redundancy compensation that can adjust to individual situations

Featured image of the article Spain: plans being studied for ‘restorative’ redundancy compensation that can adjust to individual situations

An article by Cécile Thibaud

Publication

27 October 2022 à 13h41

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2 minutes

Publication: 27 October 2022 à 13h41

Reading time: 2 minutes

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On 26 October, Spain’s Labour Minister Yolanda Díaz announced that she is studying the potential for redundancy payments that can be tailored to individual circumstances. The Minister put forward the idea of adjusting compensation amounts depending on how the employment loss will affect the person’s future career. This would involve ‘reparative and restorative’ compensation, which could vary according to age, gender, training, degree of specialization, and the objective possibility regaining employment.

An article by Cécile Thibaud

Publication

27 October 2022 à 13h41

Reading time

2 minutes

Publication: 27 October 2022 à 13h41

Reading time: 2 minutes

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This ‘reformulation’ proposal is one of several preparatory steps for a comprehensive reform towards a ‘21st Century Worker’s Statute’, involving a root and branch evaluation of the original 1980 legislation that has over the years been subsequently and numerously added to and adjusted. The guiding ambition of the reform is to better redefine the framework and rights of employees in the face of new work realities. “We will address the causes of employment termination and compensation amounts wi

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Article authors
Featured image of the article Cécile Thibaud
Cécile Thibaud Correspondent in Spain
Featured image of the article Cécile Thibaud

As Madrid correspondent for mind RH since 2021, I cover news developments in Spain's world of work, focusing on legal developments and collective bargaining, particularly around work-life balance, equality and inclusion policies, which have been hot topics in the country in recent years.

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