Chilean MPs unanimously approved the government's plan to face the downturn. It contains two types of commitments: protecting existing jobs, by introducing tax advantages for businesses, and creating new jobs, via training and subsidies. The plan is based on an increase of the 2009 budget up to 4 billion dollars (approximately 3 billion euro) and should notably lead to the creation of 100.000 jobs. (Ref. 090041)
The first chapter of the anti-crisis plan presented by the Chilean President, Michelle Bachelet, concerns exceptional public investments. An additional $700 million (€530 million) will be allocated to major infrastructure works, which should revive employment in the building sector. Besides, the government is planning on injecting $1 billion (€760 million) into the CODELCO State mining company, the largest copper producer in the world. The measures voted by the Chilean MPs also include a major
…You are reading this article thanks to your subscription to Mind Retail.
Explore new horizons by checking out our other verticals:
Do you have information to share with us?