Madrid, 13 January 2023. The Spanish
Business Confederation of the Social Economy (CEPES), welcomes the
modification of Law 5/2011, of March 29, on Social Economy, which allows the
use of capitalization for unemployment in the incorporation as partners to
cooperatives and labor societies.
This modification, which is included through the third final provision of Royal
Decree-Law 1/2023, of January 10, on urgent measures regarding incentives for
hiring labor and improvement of the social protection of artistic people, published this Wednesday in the BOE,
improves and expands the effectiveness of the single payment of unemployment
benefit as a source of financing for incorporation as partners to cooperatives
and labor societies.
With this modification, workers with an indefinite employment relationship
can request the single payment of unemployment benefit, without being legally
unemployed, to acquire social capital of the company for which they provide
their services, and acquire the status of working or work partners.
For CEPES, this modification corrects, through the modifications of
articles 9, 10.1 and 11 of the Social Economy Law, some unwanted effects that
had caused the labor reform of 2021, which hindered or prevented this use of
capitalization for unemployment in the cases of incorporation as partners to
cooperatives and labor societies.
The president of CEPES, Juan Antonio Pedreño values the measure very positively and
"points out that the capitalization of unemployment benefit, as a measure
to promote employment, has a "capital" importance for both
cooperatives and labor societies, "because it allows employed workers to
acquire the status of working or working members, by making available the necessary economic
resources to be able to acquire the shares or participations of these entities
of the social economy that, otherwise, they would not obtain, favoring, with
it, the corporate relief and the sustainability of business projects over
time".
The modification included in Royal Decree-Law 1/2023, of January 10,
responds to the proposals presented by CEPES in recent months, which aimed to
contribute to the consolidation and growth of existing cooperatives and labor
societies, through the incorporation of their workers to the condition of
working or working members,
"allowing the improvement of the quality and stability of
employment".
