Date: Friday 06 Jul 2012
Public sector workers in Spain may lose their Christmas pay-check according to government sources, Spanish daily Cinco Dias has reported.
The measure would save the Spanish government an estimated €4bn. The latest figures show that there are 2.7m public sector workers in Spain.
Note that many Spanish workers receive their salaries in monthly installments plus two "extra" pay-checks, which tend to coincide with the Christmas and summer holidays.
The government is aiming to save up to €40bn, including an additional €10bn cut for 2012 and €30bn in 2013, according to the Spanish press.
The Spanish government may also be planning to reduce unemployment benefits to a one-year limit. Currently, the unemployed may receive up to a two-year limit of unemployment benefits.
Other measures that may be considered are a freeze in pension payments and modifications to the calculation used for pension pay.
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