Dear Clients and Business Partners, The Corona virus affects the entire world and its population. Employers suffer particularly from the effects of the virus. Demand is declining significantly in many areas, supply shortages are no longer a rarity and as a result of the latest announcements by various governments, entire industries are affected by operational restrictions or even a shut-down. The economic consequences of the Corona virus are no longer to be underestimated. Therefore, the Federal Council announced on March 13, 2020 that the State grants financial support in the form of economic emergency assistance and short-time work compensation. In this alert, we want to give an overview on the financial support that can be expected from the State in the foreseeable future and highlight the conditions that must be met in order to be eligible for short-time work compensation. | Oliver Blum | Marc P. Gugger | | Managing Partner Legal Switzerland | Head Employment Law Switzerland | | Ernst & Young Ltd | Ernst & Young Ltd |
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