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The Country Giving Every Worker A $700 Christmas Bonus

The Country Giving Every Worker A $700 Christmas Bonus

Summary

Slovenia is giving all its workers a $744 tax-free bonus in December. The plan, approved by the Slovenian parliament, provides this bonus in addition to a regular summer payment. While workers celebrate, some European institutions have raised concerns about its cost.

Key Facts

  • Slovenia is providing a $744 bonus to all workers in December.
  • The payment equals about half of Slovenia's monthly minimum wage.
  • The Slovenian parliament approved the plan in November.
  • There is a similar summer bonus known as the "13th month's pay."
  • Slovenia's Christmas bonus payment will be called the "14th month's pay."
  • Some European groups are concerned about the cost, while trade unions support it.
  • The measure is expected to cost Slovenia at least €600 million.
  • Workers in Portugal, Spain, Greece, and Italy also receive similar bonuses.

Source Information