Arab Today, arab today portugal pushes ahead with sweeping job cuts
Last Updated : GMT 12:19:39
Arab Today, arab today
Arab Today, arab today

Portugal pushes ahead with sweeping job cuts

Arab Today, arab today

Arab Today, arab today Portugal pushes ahead with sweeping job cuts

Lisbon - AFP

Portugal on Monday pushed ahead with deeply unpopular plans to slash 30,000 public sector jobs by launching talks with unions as part of a sweeping savings package to satisfy international creditors. The new \"medium-term programme\", which also includes pushing back the full pension age for civil servants from 65 years to 66 years and extending their work-week to 40 hours, was announced on Friday. The programme, hoped to be worth about 4.8 billion euros ($6.3 billion) to the treasury by 2015, is intended to keep the small debt-hit eurozone member eligible for another 2.0-billion-euro slice of its bailout funding. Portugal was granted its 78-billion-euro bailout loan in 2011. Portugal\'s \"troika\" of international lenders -- the European Union, the International Monetary Fund and the European Central Bank -- need to approve the programme and will start evaluating it on Tuesday. European Commission spokesman Simon O\'Connor told a media briefing in Brussels: \"The Commission welcomes the government\'s emphasis on consolidation through permanent reductions in expenditure rather than one-off measures or tax increases, which are as a rule less credible and more detrimental to growth. Hundreds of people gathered outside the finance ministry on Monday to protest the moves as government officials met representatives of the country\'s two main unions, the CGTP and the UGT, to discuss the savings package. Carrying banners reading \"We\'re being robbed, but we\'re not silenced\" and \"If you\'ve had enough: whistle\", demonstrators sang, chanted and whistled against the government\'s belt-tightening. The programme has also been fiercely attacked by both unions and government opposition groups. \"How can you accept this brutal attack on public sector workers\' rights,\" said Ana Avoila with the Public Administration Common Front. The secretary-general of the Socialist Party, Antonio Jose Seguro, also rejected the plans, accusing the government of bringing Portugal to \"the verge of social tragedy\" with its austerity measures. The Portuguese economy is expected to shrink by 2.3 percent this year with the unemployment rate poised to breach a record 18 percent. With the cuts, however, Portugal\'s public deficit is expected to narrow to 5.5 percent of gross domestic product this year, to 4.0 percent in 2014 and finally to 2.5 percent in 2015, under the EU\'s ceiling of 3.0 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today portugal pushes ahead with sweeping job cuts Arab Today, arab today portugal pushes ahead with sweeping job cuts

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today portugal pushes ahead with sweeping job cuts Arab Today, arab today portugal pushes ahead with sweeping job cuts

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday