The government approves the maintenance of partial retirement in this sector until December 2023, allowing an older worker’s working day to be shortened with the employment and training of a younger one
The industry is relieved after the government complied with its demand and approved the extension for another year of the emergency aid contract for this sector, this modality linked to partial retirement which has very advantageous terms and which has become vital for a activity as fundamental to the Spanish economy as the car industry and manufacturing in general.
It was a demand made in recent months both by this sector and by trade unions and employers, who had joined forces to demand that this contract modality, which employs some 8,000 people, be maintained. The Minister of Social Security, José Luis Escrivá, wanted to link this measure to the second phase of the pension reform that provides for an extension of the number of years to calculate the pension and promised to present a complete reform of the pension before the end of March 2023. partial retirement.
“In an economic situation marked by the war in Ukraine and high energy costs, it is essential to maintain this contractual figure that benefits both companies and workers, to preserve the industrial fabric on the territory and to avoid personnel adjustments,” explained the ministry of Industry in a statement.
For example, during the coming year, the current partial retirement conditions in the manufacturing industry applicable since 2019, which allow to maintain a worker who reaches a certain age through a partial reduction of his working day, with hiring a young employee who eventually, and once the canceled one fully retires and has received training, is hired indefinitely by the company.
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
