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"Zapatero announces a labour market reform package to be introduced on 16 June," headlines Público. The daily explains that the reforms will be imposed by decree, because before that date"trade unions and the employers' lobby are pessimistic about the possibility of reaching an agreement". José Luis Zapatero has not given precise details of the reforms requested by the IMF, but simply remarked that they are "necessary," and will affect "fundamental aspects" of the labour market to make it more flexible. Trade unions have threatened to respond with a general strike if the reform package is introduced by decree. Among the measures under discussion are a reduction in the statutory level for severance pay to be cut from 45 to 33 days pay per year of service, and the creation of single standard employment contract. Público also reminds its readers that the rate of unemployment in the country, which currently stands at 19%, has fallen for the fourth month in a row.
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