Spain Offers To Pay Companies Trying Out A 4-Day Work Week

More stories for you

U.S. Planned Layoffs Plummet 53% In November, But Still Outpace 2024 Levels

15 hours ago

U.S. Weekly Jobless Claims Fall To Three-Year Low Amid Mixed Labor Market Signals

15 hours ago

U.S. Department Of Health And Human Services Makes It Harder For Federal Employees With Disabilities To Work Remotely

15 hours ago

Boomerang Generation Sees One In Three Young Workers Moving Home, Struggling With Pay And Career Credibility

15 hours ago

What’s going on:  

Spanish businesses with fewer than 250 employees have one month to apply for an ambitious government pilot program: cutting their work week to four days while still earning full pay. 

The €9.6 million scheme aims to support small and medium-sized industrial firms, with around 25-30% of workers having reduced hours with full salary, and employers being partially compensated up to €200,000 and the consulting costs of designing new work schemes.  

Advertisements

Applications are due by November, and once the trial begins, its results will be audited after two years, according to Reuters.   

Why it matters:  

The shortened work week is gaining traction, and a few countries are becoming increasingly interested in implementing it as people begin to value work-life balance more and more.   

Advertisements

How it’ll impact the future: 

The coastal city of Valencia in Spain is concurrently trialing a four-day work week for an entire month, with the city council allowing 800,000 of its people to enjoy four consecutive Mondays as holidays. 

If these trials are a success, this could have massive implications for a future where the four-day work week becomes the norm.  

Advertisements