Antonio Costa celebrates with his wife Fernanda Tadeu after the Socialists won the general election in Lisbon on January 31, 2022. Reuters
Antonio Costa celebrates with his wife Fernanda Tadeu after the Socialists won the general election in Lisbon on January 31, 2022. Reuters
Antonio Costa celebrates with his wife Fernanda Tadeu after the Socialists won the general election in Lisbon on January 31, 2022. Reuters
Antonio Costa celebrates with his wife Fernanda Tadeu after the Socialists won the general election in Lisbon on January 31, 2022. Reuters

Portugal expected to trial four-day working week after Socialist election win


Nicky Harley
  • English
  • Arabic

Portugal is expected to begin trials of a four-day working week after a surprise landslide victory for the governing Socialist Party at the weekend.

It follows a model launched by the UAE's public sector late last year to move to a four-and-a-half day working week.

In Sunday's election, Prime Minister António Costa's Socialists won 41.7 per cent of the vote and a majority of 117 seats in the 230-seat parliament, far ahead of their nearest rival, the centre-right Social Democratic Party, which collected 28 per cent of the vote and 71 seats.

The majority will allow Mr Costa to scrap his government’s previous alliances with the Portuguese Communist Party and Left Bloc and allow him to move forward with his campaign pledges, which included a shorter working week.

Mr Costa had said he would consider a shorter working week to “balance” hours for “various sectors” of the economy, and promised to create “a real task-force for national recovery.”

The Socialists want to “start a national conversation” about working four days a week instead of five and to increase the minimum monthly wage, earned by more than 800,000 people, to 900 euros ($1,020) by 2026. It is currently 705 euros ($800).

Susana Salgado, a professor at Lisbon's Political Sciences Institute, warned that despite its majority the Socialist Party will still have to deliver on its promises.

Antonio Costa, Portugal's prime minister and secretary general of the Socialist Party, speaks at an election night rally in Lisbon. Bloomberg
Antonio Costa, Portugal's prime minister and secretary general of the Socialist Party, speaks at an election night rally in Lisbon. Bloomberg

“Governing stability in the short term may lead to structural instability in the medium term if [the Socialist Party] does not manage to provide the answers that people need,” she said.

The UAE has moved to a Monday-Friday working week and reduced hours for public sector employees to four-and-a-half days.

It has led to many private sector companies following suit, with a survey by management consultancy Mercer revealing one in four companies plan to move to a four-and-a-half-day working week.

Last year Spain announced it would also consider the idea of a four-day week.

A number of British companies said last month they are set to trial a four-day working week as part of a pilot programme to see whether staff can produce the same results while working fewer hours.

The trial in Britain is being organised by 4 Day Week Global in partnership with think tank Autonomy and the 4 Day Week UK Campaign.

The scheme will run alongside similar programmes led by 4 Day Week Global in Ireland, the US, Canada, Australia and New Zealand.

The Case For Trump

By Victor Davis Hanson
 

SUE%20GRAY'S%20FINDINGS
%3Cp%3E%22Whatever%20the%20initial%20intent%2C%20what%20took%20place%20at%20many%20of%20these%20gatherings%20and%20the%3Cbr%3Eway%20in%20which%20they%20developed%20was%20not%20in%20line%20with%20Covid%20guidance%20at%20the%20time.%3C%2Fp%3E%0A%3Cp%3E%22Many%20of%20these%20events%20should%20not%20have%20been%20allowed%20to%20happen.%20It%20is%20also%20the%20case%20that%20some%20of%20the%3Cbr%3Emore%20junior%20civil%20servants%20believed%20that%20their%20involvement%20in%20some%20of%20these%20events%20was%20permitted%20given%20the%20attendance%20of%20senior%20leaders.%C2%A0%3C%2Fp%3E%0A%3Cp%3E%22The%20senior%20leadership%20at%20the%20centre%2C%20both%20political%20and%20official%2C%20must%20bear%20responsibility%20for%20this%20culture.%C2%A0%3C%2Fp%3E%0A%3Cp%3E%22I%20found%20that%20some%20staff%20had%20witnessed%20or%20been%20subjected%20to%20behaviours%20at%20work%20which%20they%20had%20felt%20concerned%20about%20but%20at%20times%20felt%20unable%20to%20raise%20properly.%3C%2Fp%3E%0A%3Cp%3E%22I%20was%20made%20aware%20of%20multiple%20examples%20of%20a%20lack%20of%20respect%20and%20poor%20treatment%20of%20security%20and%20cleaning%20staff.%20This%20was%20unacceptable.%22%C2%A0%3C%2Fp%3E%0A
Race 3

Produced: Salman Khan Films and Tips Films
Director: Remo D’Souza
Cast: Salman Khan, Anil Kapoor, Jacqueline Fernandez, Bobby Deol, Daisy Shah, Saqib Salem
Rating: 2.5 stars

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

The%20specs%3A%202024%20Mercedes%20E200
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%20four-cyl%20turbo%20%2B%20mild%20hybrid%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E204hp%20at%205%2C800rpm%20%2B23hp%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C800rpm%20%2B205Nm%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E9-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E7.3L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENovember%2FDecember%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh205%2C000%20(estimate)%3C%2Fp%3E%0A
Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

UAE currency: the story behind the money in your pockets
In%20the%20Land%20of%20Saints%20and%20Sinners
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ERobert%20Lorenz%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Liam%20Neeson%2C%20Kerry%20Condon%2C%20Jack%20Gleeson%2C%20Ciaran%20Hinds%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%3C%2Fp%3E%0A
The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

WRESTLING HIGHLIGHTS
While you're here
Going grey? A stylist's advice

If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
“Get professional help – there’s no other way to go around it,” she says. “And don’t just let it grow out because that looks really bad. Put effort into it: properly condition, straighten, get regular trims, make sure it’s glossy.”

Biography

Favourite book: Zen and the Art of Motorcycle Maintenance

Holiday choice: Anything Disney-related

Proudest achievement: Receiving a presidential award for foreign services.

Family: Wife and three children.

Like motto: You always get what you ask for, the universe listens.

Updated: February 01, 2022, 12:20 PM`