Bank of Portugal suspends staff holiday pay

bancodeportugal

The Bank of Portugal's board of directors has suspended the holiday pay for the central bank's employees.

The measures were taken to ensure the central bank did not "decouple" itself from the austerity measures the Portuguese general population is facing, according to a Bank of Portugal statement on January 4.

The board will also introduce "extraordinary measures for situations of particular financial vulnerability", a kind of safety net for the central bank's lowest-paid staff.

In 2012 the boar

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: