Brazil launches job protection programme

Brasilia, July 22 (IANS) The Brazilian government launched a job protection programme (PPE) to ensure job security amid economic stagnation.

The PPE would allow companies to reduce employees’ daily working hours to save up to 30 percent on salaries, Xinhua reported quoting Labour and Employment Minister Manoel Dias.

By using a dedicated fund, the government would cover half of each salary reduction, or 15 percent of the total.

To be the part of the PPE, companies must comply with a certain index, which will be calculated based on the number of their employees hired and fired over the past 12 months before applying for the programme.

The programme will make companies better prepared for economic reversals, said Laudemir Muller, secretary general of the presidency.

Luiz Moan, president of the National Association of Vehicle Manufacturers, spoke highly of the program, hailing it as a “necessity for the moment this country is getting through.”

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here