the article says ‘From August 1, companies will therefore be able to continue claiming short-time working allowance for their employees for a maximum of 24 months.’
What is this benefit companies enjoy? this is news to me, so want to learn more and details. thank you )
Believe nothing enjoyable about it! Basically a means of keeping an unprofitable company solvent longer to help keep it from going out of business and putting all its employees out of work from one day to the next.
effectively, company is being subsidized and given time an opportunity to be profitable? kinda like sozialamt, but for companies?
if profitable, pay back the money, I guess?
if not profitable, money ‘borrowed’, where is recorded? records available? publicly?
tia