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The number of companies undergoing “downsizing” again peaked in February

The number of laid-off workers nearly tripled in February from the same month last year to 11,007, and the number of company layoffs covered was 609, again peaking, according to monthly Social Security statistics.

“The total number of cases of dismissal with compensation (a regular benefit under the provisions of the Labor Code) was 11,007 in February 2024,” said a summary prepared by the Directorate of Strategy and Planning (GEP) of the Ministry of Labour, Solidarity and Social Security.

Compared to the same period last year, the growth was almost 200% (7,245 more employees), and in monthly terms the growth was 1.1% (120 more payments).

In February, severance benefits were issued to 609 employers, the highest number since the Social Security series of payments began in 2006.

In January, the number of companies undergoing “layoffs” reached a record high with a total of 598.

Compared to the same month, in February another 399 companies found themselves in a situation of “downsizing”.

According to GEP, 6,039 workers are covered by the reduction in working hours regime, and 4,968 people are covered by the temporary suspension of employment contracts.

The “reduction” provided for by the Labor Code entails a temporary reduction in normal working hours or suspension of employment contracts carried out at the initiative of companies in a crisis situation.

According to labor law, workers laid off with a suspended contract are entitled to receive monthly compensation equal to two-thirds of their regular gross salary, with a guarantee of a minimum equal to the national minimum wage (€820 in 2024). ) and a maximum corresponding to three times the minimum wage.

Author: Lusa
Source: CM Jornal

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