logo
Poland trials a four-day working week: A step towards the future?

Poland trials a four-day working week: A step towards the future?

Yahoo01-07-2025
The idea of reducing working time is one that has received much attention. For several years now, this topic has regularly appeared in public debates, not only in Poland, but also in many other countries.
Employees are increasingly saying they are overburdened, lacking time for their private life, health, and family. Statistics from Poland reiterate this narrative; the country is one of the busiest nations in the European Union.
At the same time, more and more countries are experimenting with "smarter work". In Iceland, Belgium, Spain and even Japan, various models of a shorter working week have already been tested or introduced. The results? Mostly positive: higher productivity, reduced sick leave, improved working atmospheres.
Today's labour market is vastly different from that seen a century ago, when the eight-hour working day was first introduced in Poland. Technology, automation and societal changes mean that many jobs can be done faster and more efficiently. Today, more than ever, it is not necessarily the time spent in the office that counts, but the quality of the work done.
There is no single opinion among employers when it comes to the topic of the four-day working week. Large companies, especially in the creative and technology industries, are looking at the idea with interest. Some are already introducing flexible working hours or testing shorter weeks.
The situation is different in the SME sector, as small and medium-sized companies are usually more cautious. They fear that a shorter week could lead to cash flow problems, a drop in revenue or the need to hire additional staff.
This is why the government's financial support could be crucial for businesses trialling the new work model, protecting against the risk of serious losses.
Advocates of a shorter working week argue that less time spent at work doesn't have to lower productivity.
On the contrary, they argue that by organising work in a smarter way, the same — or even better — results can be achieved in less time.
Studies in other countries show an increase in efficiency, reduced resource use, fewer errors and increased team creativity.
Of course, there are also sceptics. Some economists warn that there could be an increase in companies' operating costs and, consequently, a decrease in competitiveness or a stifling of GDP growth.
To tackle these risks, the pilot project aims to rely on data rather than guesswork.
Some employers are already taking decisions to reduce working hours. Herbapol Poznań, as well as city halls in Włocławek, Ostrzeszów, Świebodzice or Leszno are just a few examples of institutions that have decided to take this step.
The conclusions? Employees are more engaged, less stressed and the quality of their work is higher.
Changing the working model is not only an organisational issue. It's also a mental shift — from a time-control approach to one that rewards efficiency, trust and a healthy work-life balance.
Although the pilot comes with risks, advocates of the model say it is an opportunity to ensure that professional success is not paid for by burnout.
The pilot in Poland could be the first step towards systemic change, which many are already waiting for.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

How Spain's wealth tax became an unexpected boon for Britain
How Spain's wealth tax became an unexpected boon for Britain

Yahoo

time2 hours ago

  • Yahoo

How Spain's wealth tax became an unexpected boon for Britain

Amancio Ortega, Spain's richest man, is not a household name on Teesside. But the billionaire entrepreneur, best known for founding Zara, now looms large over the area. The 89-year-old's €110bn (£95bn) family office, Pontegadea Inversiones, last week snapped up a 49pc stake in PD Ports, paying an undisclosed sum to Canadian investment giant Brookfield for the shares. PD operates major ports at Tees and Hartlepool. The Spaniard already has a property portfolio in Britain worth £2.5bn, but until now he has mostly stuck to hotels, shops and offices. The PD Ports deal is his first major British foray into infrastructure and logistics. Ortega's family office insists the investment is simply about good business. But observers note that the push into ports could have an advantageous side effect: lowering the billionaire's wealth tax bill. Spain's notorious wealth tax was first introduced in 1977 as an 'emergency' measure, and was reintroduced in 2011 after a three-year hiatus as a 'temporary' measure. It takes an annual slice of between 0.2pc and 3.5pc of the value of every Spanish resident's worldwide assets. The rules say that a Spaniard's combined tax bill on wealth and income should not exceed 60pc of their taxable income. That shifts the tax net away from the asset-rich-cash-poor, old-money crowd and more towards the high-earning end of the wealth spectrum – where Ortega stands out. Ortega's personal fortune, which Forbes estimates at almost $115bn (£86bn), largely derives from his 59pc shareholding in his company Inditex, which owns the Zara brand he founded 50 years ago. After leaving school at 14, he began working for a clothes shop in Galicia and started his first rag-trade business in the early 1960s. However, it is not just a paper fortune: he also regularly receives billions in dividends, a form of income, from his empire. This year, his dividend bonanza will top €3bn for the first time thanks to his stake in Inditex, which is held via two of Pontegadea's three subsidiary companies. He tends to reinvest almost all of this in buying properties and companies. Most of Ortega's British investments are in scope of Spain's wealth tax. However, the rules say that if a rich Spaniard has a stake worth more than 5pc in a productive or trading business (which does not include real estate), that won't count towards his or her taxable wealth. PD Ports is exactly this kind of investment. Sources close to Pontegadea say most of the family office's assets would still get caught in the wealth tax net. They say it is standard practice to redeploy the dividends and other income into economically productive assets. Still, Pontegadea has been visibly broadening its portfolio away from purely property in recent years, taking the kind of 5pc-plus stakes in energy and infrastructure companies that, if structured in certain ways, could qualify for that wealth tax exemption. Sources said some of these investments might qualify the exemption and lower the wealth tax liability. But they said this was not the motivation for the choice of assets, nor the timing of deals. Ortega's strategic shift has mostly been aimed at energy. In 2023, the year after a reform that tightened the wealth tax net, Pontegadea pumped a reported €693m into energy projects, more than twice the amount of the year before. In the past five years his family office has acquired 5pc stakes in both electricity major Redeia and gas grid operator Enagas. Among its dozen-plus energy investments, it also owns 12pc of Portuguese electricity and gas system operator Ren, and has stakes in several solar and wind farms in Spain and France. Beyond energy, in 2022 Pontegadea bought a one-third stake in telecoms provider Telxius, and last December it took a 20pc chunk of Dutch parking operator Q-Park. The 49pc stake in PD Ports looks to be one of Ortega's largest ownership positions, putting Britain at the centre of Pontegadea's diversification strategy. The investment highlights how Britain is benefiting from a deal-making spree overseen by Spain's richest man. It could also be read as a sign of the distorting effects of a wealth tax, which critics say can often do more harm than good. 'I don't think this tax collects a lot of revenue,' says Christopher McCann, a Spain-based senior partner at financial advisers Blevins Franks. Calls for UK wealth tax It comes as Rachel Reeves comes under pressure to consider just such a wealth tax for Britain to help fill a multibillion-pound hole in the budget. Lord Kinnock, the former Labour leader, has called for a 2pc tax on assets over £10m and the party's union backers have also spoken out in favour of the idea. Anneliese Dodds, a former shadow chancellor, last week also urged Sir Keir Starmer and Reeves to look at 'how it would be possible' to impose a levy on the assets of the richest Britons. On Friday, Dame Diana Johnson, the policing minister, said on Friday it was important 'all these issues are looked at and discussed and we look at the evidence about what will work and what won't work'. Despite the growing calls, senior ministers have downplayed talks of a wealth tax amid concerns it would hasten the stampede of wealthy leaving Britain after the abolition of non-dom status. Depending on the structure of any regime, it could also put off investors like Ortega. The businessman is a little-known but significant presence in the British property sector. His flagship is the imposing neoclassical Adelphi building on Victoria Embankment in central London, which he bought for a reported €680m. Pontegadea's other London assets include the 1920s commercial edifice Devonshire House, opposite the Ritz on Piccadilly; the roof-gardened Post Building in Bloomsbury; and a former BBC office near Oxford Circus. In Companies House filings, Pontegadea valued its British portfolio at £2.4bn in March 2024, yielding rental income of £98m. His worldwide real estate empire, worth a reported €20bn, spans Spain, Portugal, Italy, Germany, the Netherlands, Luxembourg, Ireland, Britain, Canada and the United States. Ortega is a landlord to the likes of Amazon, Walmart and Primark. Although Pontegadea denies the wealth tax has played the driving role in Ortega's shift from pure property into energy and infrastructure, advisers say the tax figures are large in the financial planning of even moderately wealthy Spanish residents. 'If you have investment income, then by using the right structures you can squeeze down your taxable income, and you can reduce your wealth tax liability,' McCann says. 'It is possible to live here and pay a more reasonable level of tax just by good planning.' Whatever the motivation behind Ortega's PD Ports play, you can be sure he has plenty of good financial planning. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.

The Boeing Company (BA)'s A Horse & Its CEO Has Done A Great Job, Says Jim Cramer
The Boeing Company (BA)'s A Horse & Its CEO Has Done A Great Job, Says Jim Cramer

Yahoo

time2 hours ago

  • Yahoo

The Boeing Company (BA)'s A Horse & Its CEO Has Done A Great Job, Says Jim Cramer

We recently published . The Boeing Company (NYSE:BA) is one of the stocks Jim Cramer recently discussed. The Boeing Company (NYSE:BA) has become somewhat of a regular feature of Cramer's morning show. In this appearance, he had the firm's CEO, Kelly Ortberg, on for an interview. One aspect of The Boeing Company (NYSE:BA) that crossed Cramer's attention earlier was Japan ordering planes as part of trade negotiations. The CNBC TV host wondered whether The Boeing Company (NYSE:BA) would be able to meet the additional demand and discussed Ortberg's response given during the interview: 'And when I spoke to Kelly earlier, he's was saying, I'm saying, oh come on, these orders, I mean these orders are total, you know it's a [inaudible], then President Trump says, no, the orders are real and we're going to make the planes. Now I know Boeing. But Boeing's been a horse. And I just think that Kelly Ortberg, in such a short period of time, has done a remarkable job. We should salute some of these people. We can't just, bang them!' In his remarks about The Boeing Company (NYSE:BA) later during the day on Mad Money, Cramer praised Ortberg and the firm's recent earnings results: 'Now, I felt the same way about Boeing. Now, here's a stock that just hit a 52-week high after giving you almost a double from its low in April. Thank you, Kelly Ortberg. And even though it reported a great quarter with beautiful cash flow, the stock still got hit today. But unlike all the others, just call me a buyer of that one.' While we acknowledge the potential of BA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información

Popular Option Trade Spurs Japan Bourse to Seek New ETF Listings
Popular Option Trade Spurs Japan Bourse to Seek New ETF Listings

Bloomberg

time3 hours ago

  • Bloomberg

Popular Option Trade Spurs Japan Bourse to Seek New ETF Listings

By and Christian Dass Save Japan's main bourse is seeking to capitalize on the growth of strategies that enhance yield. Trades such as call overwriting — when investors who own shares sell bullish options to pocket the contracts' premium — have become increasingly popular in Japan, and the Tokyo Stock Exchange now wants to enable listings of actively managed exchange-traded funds with over-the-counter derivatives.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store