Iceland: New reduced employment scheme

Submitted by pgirard on Mon, 04/06/2020 - 15:28
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Reduced Employment Ratio Parliament has passed the Minister of Social and Children’s Affairs’ bill on the entitlement to the payment of unemployment benefits alongside reduced employment ratio due to temporary company recessions. The Act provides that wages paid alongside reduced unemployment ratio do not deplete unemployment benefits. The Directorate of Labour manages the applications for unemployment benefits due to reduced employment ratio.

measures summary

The Icelandic parliament adopted a bill creating a new partial unemployment scheme to cover employees seeing a reduction in their working hours.

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