Unemployment

Mitigating mass layoffs in the COVID-19 crisis: The Austrian short-time model

Submitted by pmassetti on

voxeu.org (07.04.2020) Due to the global spread of COVID-19, Austria, like many other countries, is facing a massive increase in unemployment. To mitigate the skyrocketing number of unemployed persons, social partners have developed a new model of subsidised short-time work that could become an international role model. The Austrian model allows a temporary reduction in working hours up to 90% while maintaining the employment relationship and granting almost full public wage compensation.

Regions / Country
austria
Topics
Unemployment

Tags

Document Type

Malaysia: Additional PRIHATIN SME Economic Stimulus Package

Submitted by mmarquez on

pmo.gov.my (06.04.2020) The additional measures are: First, the wage subsidy programme announced on 27 March will be expanded from RM5.9 billion to RM13.8 billion, an increase of RM7.9 billion. Under this additional initiative, all companies with local employees earning a monthly salary each of RM4,000 and below will receive wage subsidies as follows: For companies with a workforce of more than 200 people, we will provide a wage subsidy of RM600 per month for every retained worker.

Regions / Country
malaysia
Global challenges
Topics
Unemployment

Tags

Document Type

UE: Commission proposes SURE (Support to mitigate Unemployment Risks in an Emergency)

Submitted by pmassetti on

ec.europa.eu (02.04.2020) The new instrument for temporary Support to mitigate Unemployment Risks in an Emergency (SURE) is designed to help protect jobs and workers affected by the coronavirus pandemic. It will provide financial assistance, in the form of loans granted on favourable terms from the EU to Member States, of up to €100 billion in total. These loans will assist Member States to address sudden increases in public expenditure to preserve employment.

Regions / Country
european union
Topics
Employment
Unemployment
Document Type

En quoi consiste le mécanisme européen de réassurance chômage

Submitted by pmassetti on

touteleurope.eu (10.04.2020) Le 9 avril 2020, les ministres des Finances de l’Union européenne ont approuvé la proposition de la Commission européenne de financer une partie du chômage partiel dans les Etats membres, à hauteur de 100 milliards d’euros. En quoi consiste cette mesure ? Pourquoi l’idée d’un mécanisme de réassurance chômage au niveau européen refait-elle surface dans le cadre de la crise sanitaire ?

Regions / Country
Europe
Topics
Unemployment
Financing

Tags

Document Type

Malaysia: Wage Subsidy Programme to assist employers in retaining their workers

Submitted by pmassetti on

pmo.gov.my (27.03.2020) The Government will introduce the Wage Subsidy Programme to assist employers in retaining their workers. Through this programme, the Government will provide salary of RM600 per month to every employee for 3 months. This programme is dedicated to workers earning less than RM4,000 and employers experiencing more than 50% decrease in their income since 1 January 2020. This measure is estimated to benefit 3.3 million workers with an allocation of RM5.9 billion.

Regions / Country
malaysia
Topics
Unemployment

Tags

Document Type

United States: COVID-19 Information - Update of unemployment benefits based on Federal Stimulus Bill

Submitted by cambrosio on

dol.georgia.gov (13.04.2020) United States: The Georgia Department of Labor (GDOL) is updating its current systems to distribute federal unemployment funds as part of the CARES Act (Coronavirus Aid, Relief, and Economic Security) bringing economic relief to many Georgians. It includes:
- The Federal Pandemic Unemployment Compensation program, or FPUC, provides an additional $600 weekly payment to any individual eligible for any of the Unemployment Compensation programs - State and Federal.

Regions / Country
United States
Global challenges
Topics
Unemployment
Cash transfers

Tags

Document Type