This video is called Portugal stages mass strike in protest of government spending cuts.
By Paul Mitchell:
Portugal enforces labour reforms but more demanded
6 August 2012
On August 1, Portugal’s new labour reforms came into force.
The reforms have been dictated virtually word for word by officials from the troika—the European Union (EU), International Monetary Fund (IMF) and European Central Bank (ECB). The acceptance of these reforms is a condition for receiving a further portion of the €78 billion bailout agreed last year.
The reforms are aimed at increasing worker “flexibility”, fundamentally affecting working hours, dismissals and redundancy payments. They are far from being the last such reforms.
The reforms include the introduction of an “hours bank”, giving employers the right to increase the working day by up to two hours and slashing or eliminating overtime payments. The right to a 15 minute break for every hour of overtime worked is eliminated.
The reforms reduce the number of paid holidays from 25 to 22 working days. Four public holidays have been abolished. If companies decide to shut down on a Monday or Friday because a public holiday falls on a Tuesday or Thursday, the day will be deducted from the total annual holiday period. The tradition of giving workers up to three extra holidays if they are not absent the previous year has been done away with.
In future, companies will only have to pay 20 instead of 30 days’ pay for each full year of service if they make workers redundant. The total amount of compensation must not exceed 12 times the basic monthly pay.
Workers can be sacked more easily, with the employer’s previous obligation to find the displaced worker equivalent alternative employment done away with. Layoffs “where there is a crisis in the business” are made easier.
Slovenia is among the Eastern European countries hardest hit by the financial crisis: here.
Although the country’s total debt is relatively low at 47 percent of GDP, the crisis gripping Slovenia’s three largest banks threatens to drag the country into the abyss: here.