The government will adopt kurzarbeit and moratorium on bankruptcies and asset forfeitures

The government will adopt kurzarbeit next week, offering large companies higher wage compensations compared to the current scheme, says Labor Minister Milan Krajniak. He postponed the submission of applications for all businesses with a drop in sales to the beginning of next week, until new support measures are introduced. Large companies should agree with banks on loan repayment delays individually; the government will provide bank loan guarantees. A moratorium on bankruptcies and asset forfeitures seems likely, to be effective by the end of this year.

(N.sk)