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by schrijver 2267 days ago
Then again for the part of that which is related to corona it’s mostly through the mechanism of temporary unemployment, where the state takes over paying part of the paycheck for the duration of the time that the workers can’t work, and they are expected to return to their jobs once the lockdown is over. Of course not all companies will survive post-corona but it seems like an approach that potentially better preserves the social and economic tissue.

cf https://www.nytimes.com/2020/04/01/business/france-coronavir... (not about Belgium, but the approach is common to multiple EU countries)

1 comments

Canada too, up to 75% of the payroll, for companies with 30%+ decline in revenue. It will take weeks to roll though, it is all promises as of now