Companies whose business has been impacted by the floods that killed more than 200 people between 29 and 30 October in Valencia will be able to take advantage of exceptional short-time working and contribution exemption schemes. Self-employed entrepreneurs will also be able to activate the special temporary business interruption scheme, which allows them to suspend their contributions, but they are asking for a more appropriate scheme to deal with the material destruction.
On 2 November, Spanish social security minister Elma Saiz announced that the measures put in place during the pandemic to protect businesses and employees would be reactivated and adapted, in order to support Valencian businesses during the slump in activity caused by the floods.
Exemption from contributions for employers
Companies will therefore be able to apply for ERTE arrangements (Expediente de Regulación Temporal de Empleo or ‘extraordinary temporary employment regulations’) citing...
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Article authors
Cécile Thibaud
Freelance