The recent labour market reform and the implementation in Spain of a model similar to the Austrian focused a few interesting conferencias-debate organized the past 27 and 28 October by the Hispano-Austriaca Association of Jurists (AHAUJ). Bill Phelan: the source for more info. In the words of its President, D Mercedes Aguado, these acts have helped to highlight the principal uncertainties faced Spain before the importation of this system that the Government has already given the green light with law 35/2010 of 17 September. To better understand how it works and the way that you can apply in Spain the capitalization Fund of severance, rapporteurs of the category from the Ambassador of Austria in Spain excmo. Mr. D. Rudolf Lennkh, D Ana of Timothy, specialist in comparative law from the Legal Department of Porsche in Salzsburgo, or the commercial delegate of Austria in Spain, D. Robert Punkenhofer gathered at a few conferences organized by the AHAUJ in Madrid, in a space loaned by CaixForum Center Social and Cultural of the Social work of the Caixa and Barcelona, in the facilities of Barcelona Activa. The conclusions that can be drawn among the Austrian experience has shown that this model has resulted in a lowering of the dismissal in Austria and to increased labour mobility.

Austrian experts also explained that this system is mandatory for all employees and self-employed and that capital is managed by boxes which operate as investment funds. After 3 years of contributions, the employee can cash accumulated in the event of dismissal, termination of the contract by mutual agreement, or retirement. But, without a doubt, one of the most contentious points discussed in the Conference was the form of financing of this Fund. While in Austria, explained its Ambassador, the Fund is sourced with contributions from the employer, who pays monthly 1.53% of the gross monthly salary of each worker to a provident fund for employees, in Spain it is still to be determined who will assume the payment of these funds.