Employment

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€915 Before Taxes: Madeira’s Minimum Wage Set to Rise

€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.

Madeira Leads Portugal with Largest Drop in Unemployment

Madeira Leads Portugal with Largest Drop in Unemployment

Despite the peak of the tourist season being over, Madeira is performing exceptionally well in the labor market this year.

2001: A LIDL Odyssey

2001: A LIDL Odyssey

It’s been a remarkably long journey since LIDL, the German supermarket chain, initially unveiled its plans to establish stores in Madeira.

Labor Market and Economy Weaken

Labor Market and Economy Weaken

While the economy is still growing, several indicators show a decrease in economic activity and a worsening labor market.

Why Does LIDL Hesitate to Invest in Madeira?

Why Does LIDL Hesitate to Invest in Madeira?

LIDLs investment in Madeira has long been planned, yet nothing happened. Find out what´s going on!

Rise in Unskilled Labor Serves Madeira's Tourism Industry

Rise in Unskilled Labor Serves Madeira's Tourism Industry

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 Work Longer Than EU-Average

Portuguese Work Longer Than EU-Average

Portuguese retire later than most Europeans and are also working more years than a decade ago.

Continente Opens Store In São Vicente, Investing €6 Million And Creating 60 Jobs

Continente Opens Store In São Vicente, Investing €6 Million And Creating 60 Jobs

The SONAE group announced that it will start building a new supermarket in São Vicente.

Madeira Has The Lowest Unemployment Rate In Portugal

Madeira Has The Lowest Unemployment Rate In Portugal

Unemployment in Madeira dips to 6.1%, the lowest nationwide. Until now, rising interest rates have minimal impact on job market resilience.

Pestana Group: €100 Million Net Profit In 2023

Pestana Group: €100 Million Net Profit In 2023

A gross minimum salary of €900 (plus allowances) is enough for Pestana Group to again score a €100 million net profit.

Pestana Hotel Group Pays Minimum Salary Of 900 Euros

Pestana Hotel Group Pays Minimum Salary Of 900 Euros

Pestana Hotel Group garners positive feedback for setting its minimum wage €50 higher than the state-mandated €850. Why?