The Slovenia Times

Furlough payments extended until end of June

Economy

Ljubljana - The government decided on Wednesday to extend the furlough scheme by another month, until the end of June, in a bid to reduce the risk that companies facing slow demand or a negative productivity shock start laying off workers.

"The impact of emergency measures on the labour market is encouraging since they contained unemployment growth. Without the measures ... the crisis would result in a higher number of unemployed persons," the Labour Ministry said after Thursday's cabinet session.

Government data show furlough subsidies cost the treasury EUR 533 million through 3 May and benefited over 214,000 workers at almost 32,000 companies.

The one-month extension is projected to cost EUR 28 million assuming that 40,000 workers will receive payments that average EUR 700 per month per subsidised worker.

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