Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Yes, the term 'furloughed' is not commonly used here and doesn't have legal implications like "redundant" or "laid off". It is associated more with USA usage and has connotations of 'leave of absence', paid or unpaid, by mutual agreement, possibly because of a partial temporary shut down in production. Some workers here have been asked to use up some of their annual leave entitlement while remaining on full pay. The point of the government 70% wage subsidy is to reduce the level of formal redundancies and maintain the link between employer and employees in the hope of a rapid reboot post crisis. Total cost of these measures is €3.7 Billion  for the next 12 weeks, more than enough to wipe out originally projected budget surplus for the year. Basically it will have to be borrowed, although the government does have significant cash reserves at the moment.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Apr 3rd, 2020 at 01:58:03 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

Italian government collapse

by IdiotSavant - Jan 15
15 comments

Dutch Government Collapse

by Oui - Jan 16
4 comments

A Rush To Judgement Day

by Oui - Jan 17
1 comment

A Long War?

by Frank Schnittger - Jan 8
77 comments

Israel and A Presidential Election

by Oui - Jan 14
26 comments

Occasional Series