Federal Council extends the short-time working regime to 18 months
Published: Wednesday, Jun 19th 2024, 10:20
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Short-time working compensation in Switzerland is being extended from 12 to 18 months. One of the aims of this measure is to counteract an increase in unemployment, as the Federal Council announced on Wednesday.
This measure will apply for one year from August 2024 and until July 2025, as decided by the state government. The extension of the maximum period of eligibility would give companies that have already reached or will soon reach the regular maximum period of eligibility more time to adapt to the difficult situation.
Due to the sharp rise in energy prices at the beginning of the war in Ukraine, energy-intensive industries in particular had to resort to short-time working compensation. In the meantime, energy prices have fallen again. However, the economic situation in various sectors remains difficult, the report continued.
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