Portugal Benefit Plans & Programs



INTRODUCTION

The following table provides you an overall picture of the Benefits Framework under different entities in Portugal. More detailed site specific benefits defined at local will be presented by your Site HR Partner or recruiter.

PORTUGAL - COUNTRY BENEFIT PLANS & PROGRAMS - APPLICABLE TO ALL SITES

Legal Entity 

Benefit category

Benefit type

Benefit description

Syensqo Portugal

Mobility / commuter benefits

Company CarLeasing contract with costs fully supported by the company. For S19 and gradings above.
Syensqo PortugalTraditional benefitsMedical Insurance 

Health insurance is valid for a year from July 1st to June 30th. For 2023/ 2024 the provider is Victoria- Future Healthcare. For more information read the booklets here: EN version / PT version

Read details about Special Conditions here: PT

Syensqo PortugalTraditional benefitsLife Insurance

Life Insurance under Syensqo cares agreement. For 2022 the provider is Allianz.

Life Insurance Flyer: EN version / PT version

Syensqo PortugalTraditional benefitsJubilee / Service AwardsEmployees who reach 25 and 40 years of service receive a monetary prize and a commemorative medal at 25 and a watch at 40.
Syensqo PortugalPerquisitesLoansThe company provides loans in case of emergency situations. The amount needs to be returned until the end of the year.
Syensqo PortugalPerquisitesSyensqo Shares Program

You can find the Syensqo Shares Program here.

With this program you have the opportunity to participate in the company’s growth by becoming a shareholder. 

This program is directed only for permanent or fixed-term SYENSQO employees up to S22 level, in participating countries: Belgium, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Netherlands, Portugal, Singapore, South Korea, Thailand, UK and USA.

Also note that on the share purchase date, employees must be employed with SYENSQO and receiving a salary from SYENSQO.

Syensqo PortugalPerquisitesDay off on BirthdayAt Syensqo Portugal employees can have the day off on their birthday. If the birthday is during the weekend or a national holiday, they can choose another day to have off in the 5 following days.
Syensqo PortugalTraditional benefitsPersonal Accidents Insurance

For Cadre employees.

For more information on the Lisbon Carnaxide insurance read the policy here.

For more information on the Póvoa de Santa iria insurance read the policy here.

Personal Accidents Insurance Flyer: EN version / PT version

PORTUGAL - LISBON SITE SPECIFIC BENEFIT PLANS & PROGRAMS

Site

Legal Entity

Benefit category

Benefit type

Benefit description

CarnaxideSyensqo LisbonPerquisitesLunch/food allowanceMeal allowance is paid in a card which can be used in restaurants and supermarkets. Currently is 9.60€ per working day.
CarnaxideSyensqo LisbonPerquisitesExtralegal (additional) paid
vacation days

According to the Portuguese law: In the 1st year of contract, employees are entitled to 2 days per complete month of contract, in a maximum of 20; Following years: 22 days/year.

At Syensqo Lisbon: Non-term contracts (after 1st year): 25 days/year- meaning 3 extra days, compared to the Portuguese legislation.

CarnaxideSyensqo LisbonPerquisitesFlextimeThe worked hours above 8 hrs/ day, are accumulated to be taken after as free time. Employees cannot accumulate more than 16h per month. Non-cadre employees.
CarnaxideSyensqo LisbonPerquisitesFamily assistance10 days-off/year for paid family assistance + paid sick days until 3 days in a row + all other legally justified and/or paid absences.
CarnaxideSyensqo LisbonPerquisitesSickness AllowanceWhen the employee is on sick leave the company compensates with a Sickness allowance the salary % not covered by the Social Security.
CarnaxideSyensqo LisbonPerquisitesRemote working monthly allowance45€ paid with the salary (gross amount).
CarnaxideSyensqo LisbonPerquisitesMobile phoneProject ongoing - more information to be announced soon.
CarnaxideSyensqo LisbonMobility / commuter benefitsPaid parkingAccessible to all Carnaxide Employees.
CarnaxideSyensqo LisbonTraditional benefitsWorkplace Accidents InsuranceProvided by Syensqo as required by the Portuguese Law for any personal accidents that occur during working hours. 

PORTUGAL - PÓVOA DE SANTA IRIA SITE SPECIFIC BENEFIT PLANS & PROGRAMS

Site

Legal Entity

Benefit category

Benefit type

Benefit description

Póvoa de Santa iriaSyensqo Peróxidos de PortugalRetirementPension / Savings planPension fund to be paid after retirement. Please read the policy here. 
Póvoa de Santa iriaSyensqo Peróxidos de PortugalPerquisitesChildren related benefits - ScholarshipsScholarships are awarded upon request and presentation of supporting documents to employees with children, school-age dependents, and if the employee is a student worker and as long as they are successful in school and have passed the year in accordance with the Regulations. For more information read the policy here.
Póvoa de Santa iriaSyensqo Peróxidos de PortugalPerquisitesLunch - Subsidised canteenEmployees in this site have access to a canteen with several meal options each weekday. There is a very reduced cost according to a table that takes into account the salary of the employee.
Póvoa de Santa iriaSyensqo Peróxidos de PortugalPerquisites"Férias Frias" Employees are entitled to a 25% extra payment per day, when they take vacations from November 1st to April 30th (excluding the period from December 20th to January 2nd). The amount is paid in the month after the days off are taken.
Póvoa de Santa iriaSyensqo Peróxidos de PortugalTraditional benefitsWorkplace Accidents InsuranceProvided by Syensqo as required by the Portuguese Law for any personal accidents that occur during working hours.










Date last updated: