The Luxembourg Economic Committee ("Comité de conjoncture") met on Wednesday to analyse the labour market situation as of August 2019 and the national economic situation.
In September 2019, the number of applications submitted for part-time work fell by two units compared to the previous month. In total, seventeen 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 all of these requests. The Cabinet will then have the final say on the allocation of this support.
In the companies concerned, it is expected that 1,729 out of a total of 5,780 employees are working on a reduced schedule. Expenditure charged to the Employment Fund for the month of October 2019 is €2,009,000 if all the companies concerned take full advantage of the short-time work schemes granted.
In addition,the Economic Committee approved one request in relation to the legal provisions on early retirement.
The next Economic Committee meeting is scheduled for Tuesday 22 October 2019.