Austria is trebling the funding available for a scheme designed to prevent layoffs that enables employers to keep staff on their books while only paying for hours actually worked, the Finance Ministry said on Monday.
FILE PHOTO: A man sits in the garden of a closed cafe during the coronavirus disease outbreak in Vienna, Austria March 31, 2020. REUTERS/Leonhard Foeger/File Photo
But the coalition government of conservatives and Greens said that without the measure, that spike would have been twice as large as hundreds of thousands of jobs have been registered for it. So far 400,000 jobs have been “secured” through the programme, labour minister Christine Aschbacher said in the statement. That compares with last month’s increase of 199,934 in the number of registered unemployed.
The government has pledged to make 38 billion euros in economic aid available to keep the economy ticking over and preserve jobs in the face of the pandemic.
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