Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.


Spain offers to pay companies testing a 4-day work week

By Belén Carreño

MADRID (Reuters) – Spanish companies with fewer than 250 workers have one month to apply for a pilot government scheme to reduce their work week to four days with full pay, the leftist administration said on Thursday.

The 9.6 million euro ($10.6 million) scheme will focus on small and medium-sized industrial companies, the government said as it outlined requirements for participation in the project first announced in December.

Around 25% to 30% of employees will work at least 10% fewer hours on full salary. Employers will be partially compensated for up to 200,000 euros per applicant and the consultancy costs of designing new work schemes.

The government has until November to respond to applications and companies are asked to run the trial for at least two years, after which their performance results will be audited.

In parallel, the coastal city of Valencia is running a month-long trial of the four-day work week, with the city council arranging for local holidays to fall on four consecutive Mondays for the city’s entire population of 800,000 people.

It will study the impact on aspects including fuel emissions and people’s wellbeing, with results to be published by July.

In Britain, employees at 61 companies worked an average of 34 hours across four days from June to December 2022 on full salaries in the world’s largest trial of a four-day work week so far. Most participants decided to retain it in what activists hailed as a breakthrough for a better work-life balance.

($1 = 0.9050 euros)

(Reporting by Belén Carreño; Editing by Aislinn Laing and Richard Chang)

Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts