Por­tuguese bailout.

Kathimerini English - - Business -

The leader of Por­tu­gal’s largest trade union con­fed­er­a­tion is urg­ing work­ers to protest planned la­bor law changes tied to a 78-bil­lion-euro bailout. Por­tu­gal’s Euro­pean part­ners and the In­ter­na­tional Mon­e­tary Fund lent it the money on con­di­tion that it changed work­ers’ en­ti­tle­ments, among other mea­sures. That in­cludes cut­ting costs by low­er­ing sev­er­ance pay, in­tro­duc­ing more flex­i­ble work­ing hours to im­prove com­pet­i­tive­ness and keep­ing the mini-

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