LISBON, Portugal (AP) — Portugal's five-week-old government took its first major proposal for labor reform to Parliament on Thursday, seeking approval for a reduction in compensation entitlements for laid-off workers.
The proposal is part of a long list of measures Portugal pledged to adopt in return for a €78 billion ($112 billion) bailout that spared it from bankruptcy and was part of European efforts to contain the continent's debt crisis.
Portugal's European partners and the International Monetary Fund granted the bailout on condition it cuts public debt and takes steps to make its ailing economy more competitive.
Lisbon is committed to a strict calendar of measures …
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