Spain passes landmark labour reform, unlocking EU billions

Follow us on Social Media

Social sharing
1000x563 cmsv2 15a1eb24 4846 5d30 ae5b d77617f73202 6449458

The Spanish parliament ratified by a single vote Thursday a landmark labour reform devised by the country’s Socialist-led coalition government, unlocking billions of euros in European Union aid.

Nine smaller parties joined the Socialist party and its junior coalition partner Unidos Podemos (United We Can) to vote in favour of the law passed by the Cabinet at the end of December.

The cross-party support gave the bill a 175-174 victory over mostly conservative opposition parties.

The minority coalition government controls just 155 of the 350 seats in the Congress of Deputies, Spain’s parliament.

The government negotiated the law with trade unions and employers, who both backed it.

Its approval meets a commitment made by Prime Minister Pedro Sánchez´s government to the European Commission, enabling the eurozone’s fourth-largest economy to collect its next installment of EU pandemic recovery funds.

Labour reform has been a banner for Sánchez´s administration. It reverses some of the business-friendly regulations adopted in 2012 by a previous conservative administration at the height of the sovereign debt crisis.

The new employment rules limit most temporary contracts to a maximum of three months and bring back collective bargaining with unions as the main way of negotiating pay and conditions.

Short-term and temporary job contracts are largely blamed for job insecurity in Spain, especially among young people who are also hit by high unemployment.

In November, the jobless rate among people under 25 years of age was 29.2%. The national rate was 14.1%, compared with the 19-country eurozone average of 7.2%.

Source

Leave your comment on this post

THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN

WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.

Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi

The economic crisis and hardship in Nigeria are parts of the discussion.


Watch, leave your comments, and share to create more awareness on this issue.


#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
www.9newsng.com

Leave your comment

Click on the link below or Scan the QR Code to join the 9News Nigeria WhatsApp Channel

9News Nigeria Investigative Reports WhatsApp Channel
9News Nigeria Investigative Reports WhatsApp Channel
About 9News Nigeria 13353 Articles
9News Nigeria is Nigeria's favourite news source. For Authentic, Unbiased News on Politics, Business, Sports, Technology, Entertainment and Lifestyles, Health, Nollywood, Crime and Investigations, Family and Relationships, Inspirations .. and much more. For Latest News from Africa and around the world, 9News Nigeria is your best source. WhatsApp +2348115805632 Email: info@9newsng.com Facebook: www.facebook.com/9NewsNG | Twitter/Instagram: @9newsng

Be the first to comment

Leave a Reply