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Positive trend continues for 'chômage partiel' scheme
Economics

Positive trend continues for 'chômage partiel' scheme

25.06.2015 From our online archive
The number of employees placed under reduced working hours by companies based in Luxembourg in an effort to save costs is set to continue at a lower rate than the previous year in July.

(CS) The number of employees placed under reduced working hours by companies based in Luxembourg in an effort to save costs is set to continue at a lower rate than the previous year in July.

The so-called “chômage partiel” scheme sees employees work reduced hours, with the state paying for lost wages. This allows companies in difficult financial circumstances to cut costs.

In July, some 710 people will be covered by the programme, working at 12 companies with a total number of 1,733 employees.

While the number of employees on reduced hours is set to decrease compared to June this year, the money spent by the state on the scheme will increase. In June, the state budgeted 843,000 euros for 774 employees. This will rise to 860,000 euros next month.

The number of employees affected by “chômage partiel” (partial unemployment) meanwhile continues below the 2014 statistics, a trend that is holding since the start of the year. Thus, in July 2014, 1,403 employees were signed up for “chômage partiel” by their companies, almost twice as many as the same month this year.