Portugal is planning to cut 30,000 civil service jobs and to raise the retirement age by one year to 66 as it tries to meet the terms of a bailout.
Prime Minister Pedro Passos Coelho said civil servants would also be required to work 40 hours a week instead of 35.
The proposals, which would be applied mostly from next year, would save 4.8bn euros (£4bn) over three years, he said.
Chosen excerpts by Job Market Monitor
Europe’s lost generation / Youth unemployment exceeds 60 percent in Greece, is above 50 percent in Spain and tops 40 percent in Portugal
Children across Europe are being driven into poverty by harsh government austerity and youth unemployment is soaring, threatening to create “lost generations” that could fire up a new continental crisis. Global charity Caritas said on Thursday that around three out of every 10 children in Greece, Ireland, Portugal, Italy and Spain are in or have … Continue reading »
Portugal’s unemployment rate rose to 15 percent in the second quarter, its highest level ever, the national statistics body INE said Tuesday. In the first quarter, the jobless rate had been 14.9 percent. More than 820,000 Portuguese are now out of work as the recession deepens… via Portuguese unemployment highest ever – International | IOL … Continue reading »
The dust is beginning to settle in Athens following the approval of mass layoffs of government workers by the parliament on Sunday. Over 15,000 people face redundancy by the end of next year in a move which overturns the constitutional guarantee for civil servants to have a job for life. The move was was necessary … Continue reading »
Greece is locked in talks with international creditors in Athens about shrinking the government workforce by enough to keep bailout payments flowing. Identifying redundant positions and putting in place a system that will lead to mandatory exits for about 150,000 civil servants by 2015 is a so-called milestone that will determine whether the country gets … Continue reading »