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.

Important Notes:

Adding Family members:

  • Over 26 years old: 643.79 €/year (53.65 € per month)
  • - 25 years old or younger: 450.65 €/year (37.55 € per month)
  • For family member inclusions the grace period of 3 months will apply.
  • For newborn babies, no grace period is applied when included on the 30 firsts days.
  • Family members that can be included: Spouses and children.
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

This program offers you the chance to become a shareholder and actively participate in the company's growth. It is exclusively available to permanent or fixed-term SYENSQO employees up to the S22 level, in the following participating countries: Belgium, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Netherlands, Portugal, Singapore, South Korea, Thailand, UK, and USA.

Please note that on the share purchase date, employees must be employed by SYENSQO and receiving a salary from the company.

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 10.20€ 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 for paid family assistance per year
CarnaxideSyensqo LisbonPerquisitesSickness AllowanceWhen the employee is on sick leave the company compensates with a Sickness allowance the salary % not covered by the Social Security + paid sick days until 3 days in a row + all other legally justified and/or paid absences.
CarnaxideSyensqo LisbonPerquisitesRemote working monthly allowance45€ paid with the salary (gross amount).
CarnaxideSyensqo LisbonTraditional benefitsWorkplace Accidents InsuranceProvided by Syensqo as required by the Portuguese Law for any personal accidents that occur during working hours. 













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