On Friday 20 March Switzerland’s government submitted a SF 40 billion (€38 billion) support package for companies and jobs, which will be passed by Parliament on Wednesday 25 March. In addition to guarantees over and easier access to credit for businesses, the plan also includes other measures to facilitate partial unemployment arrangements for employees, and interim workers, as well as the introduction of a salary guarantee for parents having to stay home to look after their children. Trade unions have welcomed these measures whilst remaining worried over the total cessation of company monitoring by both the labor inspectorate and the sanitation authorities.
In line with its neighboring countries, Switzerland has just undertaken a series of measures aimed at guaranteeing fast-track financial support for businesses as well as maintaining both jobs and to a lesser extent salary levels. In terms of business support the Federal Council announced it was mobilizing almost SF 20 billion (€19 billion approx.) in support that would be available in principle as soon as 26 March. The remaining SF 20 billion will be directed toward support measures for...
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