Mexican billionaire, Carlos Sim, has called for the introduction of a three-day working week, subsidised by longer working hours and later retirement in a bid to improve people’s quality of life and create a more healthy and productive work force.

Slim suggested the workforce could be spread over a full week, with individual employees working up to 11 hours a day but only three days a week.

He made the announcement at the business conference – States and Enterprises, that was held in Paraguay and attended by business and political leaders from across Latin America.

Sim said:

“With three work days a week, we would have more time to relax; for quality of life. Having four days [off] would be very important to generate new entertainment activities and other ways of being occupied.”

He also claimed current retirement ages come from a history of low life expectancy and should rise to 70 or 75.

Sim’s fixed phone line communications company,¬†Telmex, recently offered its employees a new contract. Employees who joined in their teens can receive early retirement and anyone who wants to work beyond retirement can do so at full pay but a reduced load to four days a week.

Carlos Sim is estimated to have a personal net worth of $80 billion and is identified as one of the two richest people in the world.

Sim’s announcement comes just weeks after leading British medical expert, John Ashton, called for a switch to a four day working week to help combat stress and work-related illness.

Photo by Dominic Alves