France says more than 10 million workers have signed up for temporary unemployment scheme

The scheme was introduced by the government to help avoid mass layoffs, allowing for companies - specifically smaller ones - to temporarily put staff on reduced hours while the government pays all or most of their wages during this period.

 

This already accounts for quite a significant portion of the French government's stimulus package, so it'll be interesting to see if they need to add more in due time.

 

 

Source:  https://www.forexlive.com/news/!/france-says-more-than-10-million-workers-have-signed-up-for-temporary-20200422

 

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