ERTE
/ˈerte/A legal mechanism in Spain that allows companies to temporarily suspend or reduce employees' working hours or salaries due to economic, technical, organizational, or production-related reasons.
El ERTE fue aprobado por el gobierno para proteger a las empresas afectadas por la pandemia.
The ERTE was approved by the government to protect companies affected by the pandemic.
ERTE stands for 'Expediente de Regulación Temporal de Empleo' and is regulated by Spanish labor laws.
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💡Pro Tip
Legal Context
ERTEs are distinct from permanent layoffs and are subject to specific legal procedures and conditions.
⚡Gold Rule
Approval Process
An ERTE must be negotiated with employee representatives and approved by the labor authorities to be valid.
📖Word Origin
Acronym for 'Expediente de Regulación Temporal de Empleo' (Temporary Employment Regulation File).
📝Usage Notes
ERTEs are commonly used during economic downturns or crises to avoid permanent layoffs. They must be approved by the labor authorities and can be temporary or permanent depending on the circumstances.