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Switzerland: Federal Council adopts a SF40 billion-support package for companies and jobs
Planet Labor, 24 March 2020, n°11756 - www.planetlabor.com

On Friday 20 March Switzerland’s government submitted a SF 40 billion (€38 billion) support package for companies and jobs, which will be passed by Parliament on Wednesday 25 March. In addition to guarantees over and easier access to credit for businesses, the plan also includes other measures to facilitate partial unemployment arrangements for employees, and interim workers, as well as the introduction of a salary guarantee for parents having to stay home to look after their children. Trade unions have welcomed these measures whilst remaining worried over the total cessation of company monitoring by both the labor inspectorate and the sanitation authorities.

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