Provisional Measure 680 – which launched the Employment Protection Plan (EPP) – has finally entered into force (Law 13,189) (for further details please see "Employment Protection Plan introduced"). Under the new law, companies now have until December 31 2016 to participate in the plan.
The EPP is a crisis response measure under which companies can reduce their employees' working hours by up to 30% and proportionally reduce affected employees' salaries for up to 24 months (until December 31 2017). The EPP seeks to protect formal jobs and encourage negotiations between employers and employees.
For further information of this topic please contact Vilma Toshie Kutomi or José Daniel Gatti Vergna at Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados by telephone (+55 11 3147 7600) or email ([email protected] or [email protected]). The Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados website can be accessed at www.mattosfilho.com.br.
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