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1,800 employees on reduced working hours
Economics

1,800 employees on reduced working hours

28.05.2014 From our online archive
A Luxembourg economic committee has granted 20 applications by companies based in the Grand Duchy to place workers under reduced working hours.

(CS) A Luxembourg economic committee has granted 20 applications by companies based in the Grand Duchy to place workers under reduced working hours.

A total of 29 applications were filed in May, compared to 33 in April, but only 20 were given the go-ahead by government authorities.

Out of a total number of 3,299 employees at the 20 companies, some 1,800 will work under reduced working hours starting June, with the state compensating workers for lost wages.

The measure is aimed at helping businesses who are experiencing financial difficulties, either because of a difficult economic climate or structural issues. Companies need to re-apply on a monthly basis.