Asean Briefing (05.08.2020) Under the fifth stimulus package, the government has extended its financial support for private sector employees, in particular, those in the garment, textiles, and footwear industries. Introduced under the previous stimulus package, companies who want to suspend employment contracts must first submit an application to the Ministry of Labor and Vocational Training (MLVT). The suspended employees are then eligible to receive monthly subsidies. This program has now been extended through the latest economic package until September 2020.
Business & Human Rights Resource Centre (03.04.2020) The government announced ... a measure to assist minimum wage workers employed in the tourism sector amid COVID-19 fears. It said in a statement the government will pay 20 percent of the workers’ minimum wages as the tourism sector deals with loss of income. The statement said the financial measure will apply to those who are suspended from their jobs at hotels, guesthouses, restaurants and travel agencies.
Réunion region (02.07.2020)With the objective of strengthening the cash flow of SMEs affected by the crisis, in the amount of € 30K to € 300K, this aid takes the form of a zero-interest loan and is open to SMEs potentially created for more than a year (with at least 1 balance sheet) This fund allows SMEs to have facilities and the possibility of seeing coming with: 2 years deferred repayment, 0% interest rate, and No administration fees.
Réunion region (13.04.2020) To support small Reunion Island companies in the implementation of teleworking and encourage their digital transition, the Region has decided to strengthen its “Digital Check” so that it responds more effectively to current needs. Thus, the procedures are simplified and the subsidy rate goes from 50% to 80% (the subsidy ceiling going from € 2,000 to € 3,200). Projects can now include consulting and data security services to support companies in the implementation of teleworking.
REGIONAL COUNCIL OF GUADELOUPE (22.04.2020) This system takes the form of a refundable advance, without guarantee and at zero rate for an amount between 3,000 and 15,000 € per company, corresponding to 12.5% of the turnover achieved in 2018, and for newly created companies , 12.5% of the turnover achieved since the start of the activity, without exceeding 1 year. This advance will be repayable over a period of 5 years with a grace period of two years. This aid applies to companies with a maximum annual turnover of € 180,000.
Minister of Labor and Social Security (15.06.2020) The Minister of Labor and Social Security signed a directive that allows employers to request an extension of the measure to suspend their employment contracts due to the pandemic by COVID-19. The MTSS-DMT-CIR-5-2020 directive allows employers to request the extension of the initial period of three months for up to an additional equal period, as long as the impact on the economic turn of companies is maintained.