Latest news and stories about employment in finance in Portugal for expats and residents.
The Portuguese government's proposed labour package faces significant criticism for its lack of dialogue with independent unions and the digital sector, with concerns that it threatens social cohesion, increases job insecurity, and risks proletarianising the middle class.
An analytical look at the legal responsibility of employers regarding time banks, emphasizing their role as the sole account holder during reference periods.
Business owner Isabel and workshop manager Hugo share their perspectives on the government's proposed labour reform, arguing that it undermines workers' rights and fails to foster talent retention or national development.
The UGT national secretariat meets today to vote on the latest labour legislation reform proposal, facing significant government pressure and internal discomfort following previous rejections.
UGT deputy secretary-general Sérgio Monte indicates that the union is likely to reject the government's proposed labour law changes, aligning with public sentiment and CGTP's stance ahead of a formal decision.
The Portuguese government has presented a final draft of its labour law reform, 'Trabalho XXI', to social partners, with further negotiations scheduled for Friday to address remaining points of contention despite claims that an agreement is near.
The government has amended its labour law reform proposal, abandoning plans to extend fixed-term contract durations while reintroducing specific criteria for youth employment contracts following negotiations with the UGT.
Four employers' confederations have accused the UGT trade union of acting in bad faith during labour law negotiations, citing a deliberate disregard for proposed changes and a subsequent loss of trust.
Following 53 rounds of negotiations, the Portuguese government, business confederations, and the UGT have reached a preliminary agreement on labour law reforms, with the UGT national secretariat set to vote on the proposal today.
Minister of Labour Maria do Rosário Palma Ramalho convenes with social partners for the 53rd time to negotiate contentious labour law reforms, including contract terms, dismissal policies, and working hours.
Negotiations between the government, UGT, and employers regarding labour law reforms have concluded without an agreement, with a potential consensus delayed until after Easter.
Negotiations on labour law reform remain deadlocked after eight months, with the individual time bank proposal emerging as a key point of contention between the government, businesses, and unions.
A recent study on Portugal's financial sector reveals significant trends in employment and salaries, highlighting a drastic reduction in bank branches and the high qualifications of workers. Despite higher average salaries compared to the national average, the study points out disparities with Spain and raises concerns about the future of employment if proposed reforms are enacted.
Portugal's tight labour market and historic employment levels are forcing companies to tap the over-55 workforce, particularly in food, manufacturing, hospitality, logistics and contact centres. Eurofirms reports increased demand for senior profiles, greater openness to flexible hours to improve work–life balance, and a mix of domestic and foreign hires (34% of 216 active outsourced employees are foreign, 63 are over 55). The shift is seen as essential for business growth amid sectoral shortages; Eurofirms recorded a 13% revenue increase to €619 million in the last fiscal year.
The new labour law in Portugal is expected to influence salary improvements, but it may not be the sole factor determining salary increases. In a recent podcast, the president of the Confederation of Commerce and Services of Portugal expressed that the government's expectations regarding the law's impact might have been overly optimistic.
Julien Jarjoura, an investor based in Switzerland, has acquired Claire’s European business, preserving roughly 200 jobs in Portugal and maintaining the brand’s retail footprint across Europe. The purchase effectively separates the continental operation from insolvency proceedings affecting Claire’s in the United States, the United Kingdom and Ireland, stabilising local employment and stores while broader group restructuring and creditor processes continue.
The food company informed RTP Antena 1 that it notified employees two months ago that it would proceed with the redundancy process in the country by 2027, following the global layoffs announced last year.
The number of job openings in Portugal has risen, leading to a greater push for recruitment to fill these positions.
The news was confirmed by the company to RTP, without specifying the number of employees to be dismissed. Critical Software reveals in a statement that it is undergoing a period of restructuring imposed on the entire technology sector, due to profound changes in the business model associated with new tools.
The Pakistani leader states that the final text of the peace agreement between Washington and Tehran has been reached. Additionally, MEO aims to reach an agreement for the departure of 1,200 workers by the end of the year.
This is part of the telecommunications operator's internal transformation programme.
The Ageas Portugal Group has concluded a salary review for 2026 with the Sinapsa union, effective retroactively from January 1st. The agreement covers all companies in the group – Ageas Portugal Vida, Ageas Portugal Services ACE, Ocidental Vida, Médis, and Ageas Fundos de Pensões – and guarantees a minimum increase of 38 euros per month for...
Portugal has until June 7th to transpose the European directive on salary transparency into its legal system. Are companies prepared for the new rules? What benefits will they have? What do workers gain? Will greater transparency impact salary growth?
Portugal ranks third among European Union nations for the highest challenges in hiring skilled workers.
Natixis is expanding its operations in Portugal by opening a new facility in Lisbon, with plans to reach a total workforce of 4,000 employees nationwide.
The Lusa board of directors denounced the company agreement, which had been in force since 2009, this Thursday and presented a proposal for a new agreement governing the relationship between the company and its employees to the unions and the workers' committee this afternoon. Among the planned measures, which are now entering the negotiation phase, is...
Social Concertation is only strengthened when all partners recognise the value of commitment and responsible negotiation.
The Portuguese central bank has been ranked among the ten most appealing employers in the country.
Rita Silva from Aon Portugal discusses the importance of going beyond salary to provide better rewards for employees.
The proportion of older professionals in new hires is limited. The profile of the vacancies helps to explain this. Companies deny discrimination.
