Meet the Law | Ministers Council Press Release – 27th of July 2020

The Council of Ministers approved the Decree Law that creates the extraordinary support for the gradual recovery of economic activity, with the aim of supporting the maintenance of jobs for companies in business crisis.

This new regime contemplates the co-participation by the Social Security on the reduction of the normal working period.

Through this mechanism, differentiated support is created based on the companies' fall in turnover and the gradual recovery of employees' income is guaranteed throughout the months, safeguarding minimum wages of 77% (months of August and September) and 88% (months of October to December), amounts which may be higher due to the reduction of the normal working period.

Additional support was also created for companies with a drop in turnover of 75% or more, by financing part of the hours effectively worked.