The Luxembourg Economic Committee ("Comité de conjoncture") today met to analyse the labour market situation as of May 2019 and the national economic situation.

For the month of June 2019, the number of applications submitted for part-time work increased by three units compared with the previous month. In total, fourteen companies applied for partial unemployment benefits in order to benefit from the provisions of this measure in the next month. After analysing the applications submitted, the Economic Committee approved eleven of the fourteen requests, the final decision of the allocation of this support remaining the responsibility of the Cabinet.

In the companies concerned, it is expected that out of a total workforce of 1,925 people, 747 employees work on a reduced schedule. The expenditure chargeable to the Employment Fund for the month of July 2019 is €1,122,000 if all the companies concerned take full advantage of the short-time work schemes granted.

The next Economic Committee meeting is scheduled for Wednesday 24 July 2019.