Tag Archives: spanish law

The Supreme Court of Spain upholds a law that requires employers to pay 10% interest on late payments.

Spain’s Supreme Court upholds law stating employers who pay staff late must cough up 10% interest

IT is an all-too-common problem for many employees: waiting an age to finally receive your monthly salary – or perhaps never receiving it at all. Article 29.3 in the Workers’ Statute protects workers from employers who fail pay wages to their employees on schedule. They are subject to 10% annual interest. This law was upheld by the Supreme Court earlier …

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