The OECD certifies the failure of Spain to delay the time of retirement: only 5% continue working after 65 years. The Santander, the most important bank in the country, has just closed an agreement with the unions by offering workers over 50 who have on staff to go home with 80% of their current base salary guaranteed. Another of the main Spanish companies, Telefónica, has recently extended its Individual Employment Suspension Plan, aimed at its workers over 53 years old,

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