France plans to pare terms of work scheme designed to boost activity – Reuters

PARIS (Reuters) – The French government laid out plans on Wednesday to rein in from October a reduced-time work scheme set up during the coronavirus crisis to prevent mass permanent layoffs. The scheme’s update comes as France and other European countries that set up furlough schemes to save jobs grapple with how to encourage firms…

France plans to pare terms of work scheme designed to boost activity – Reuters

PARIS (Reuters) – The French government laid out plans on Wednesday to rein in from October a reduced-time work scheme set up during the coronavirus crisis to prevent mass permanent layoffs. The scheme’s update comes as France and other European countries that set up furlough schemes to save jobs grapple with how to encourage firms to put workers back into their jobs despite a still-fragile economic outlook, while keeping down the cost to the public purse. Companies had put 7.8 million workers on furloughs or reduced schedules as of the end of May, Labour Minister Muriel Penicaud said last week. From Oct. 1, workers will get 60% of their normal gross wages under the scheme, down from 70% currently, President Emmanuel Macron tol
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