The Luxembourg Economic Committee (Comité de conjoncture) met on Wednesday to analyse the labour market situation as of October 2019 and the national economic situation.

In November 2019, the number of applications submitted for part-time work increased by five units compared to the previous month. In total, 25 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 22 of these requests. The Cabinet will have the final say on the allocation of this support.

In the companies concerned, it is expected that 2,080 out of a total of 5,999 employees are working on a reduced schedule. Expenditure charged to the Employment Fund for the month of December 2019 is €3,043,000 if all the companies concerned take full advantage of the short-time work schemes granted.

In addition,the Economic Committee approved three requests for tax exemption of voluntary redundancy benefits, concerning a total of 26 eligible persons.

Finally, the Economic Committee approved two requests in relation to the legal provisions on early retirement adjustment.

The next Economic Committee meeting is scheduled for Wednesday 18 December 2019.