MIL OSI-C. Mediterranean Region: Portugal
Within a month, more than 1400 companies have already submitted applications for the Converte measure, which is intended to convert forward contracts to open-ended contracts.
According to a statement from the governmental area of Labor, Solidarity and Social Security, since the opening of the period of applications for this incentive, “requests for support for the conversion of more than 4900 employment contracts have been sent to IEFP”. Most of these ‘have a duration of less than one year and in 50% of cases are workers under 35 years old’.
‘More than two thirds of the contracts to be converted have basic wages above the national minimum wage and, in more than 20% of cases, the transition to indefinite contracts should lead to an increase in the basic remuneration of workers. ».
Aggregate support of € 12.8 million
According to the statement, the 4900 applications received so far represent ‘an aggregate support of EUR 12.8 million, which corresponds to approximately 43% of the EUR 30 million allocation associated with this new measure’.
The implementation of this measure is therefore in line with the Government’s 2018 Social Concertation Agreement, which provided for a transitional reinforcement and extension of support for contract conversion.
Applications will close on December 31, 2019.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.