Economics
France Outlines Virus Furloughs That Could Run for Two Years
- Macron also plans long-term system like Germany’s Kurzarbeit
- Unions, businesses will negotiate new furloughs case-by-case
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French President Emmanuel Macron is planning a new virus furlough program that could see the state covering a large share of lost incomes for as long as two years to protect jobs.
Macron outlined the new measure in a meeting with labor unions and business groups Wednesday. Starting July 1, it aims for a compromise between blanket support and more targeted aid, by getting labor unions and businesses to strike deals on a case-by-case basis.