€915 Before Taxes: Madeira’s Minimum Wage Set to Rise
The government announced plans to increase the minimum wage from the current €850 to €915 (gross) in 2025.
The government announced plans to increase the minimum wage from the current €850 to €915 (gross) in 2025.
Despite the peak of the tourist season being over, Madeira is performing exceptionally well in the labor market this year.
It’s been a remarkably long journey since LIDL, the German supermarket chain, initially unveiled its plans to establish stores in Madeira.
While the economy is still growing, several indicators show a decrease in economic activity and a worsening labor market.
LIDLs investment in Madeira has long been planned, yet nothing happened. Find out what´s going on!
Coinciding with Pestana's CEO's call for increased unskilled worker immigration to Madeira, recent data confirms a rise in the island's unskilled workforce.
Portuguese retire later than most Europeans and are also working more years than a decade ago.
The SONAE group announced that it will start building a new supermarket in São Vicente.
Unemployment in Madeira dips to 6.1%, the lowest nationwide. Until now, rising interest rates have minimal impact on job market resilience.
A gross minimum salary of €900 (plus allowances) is enough for Pestana Group to again score a €100 million net profit.
Pestana Hotel Group garners positive feedback for setting its minimum wage €50 higher than the state-mandated €850. Why?