Luxembourg's Economic Committee (Comité de conjoncture) met on Monday 19 February 2024, under the chairmanship of Lex Delles, Luxembourgs’ Minister of the Economy, SMEs, Energy and Tourism, and Georges Mischo, the Minister of Labour.

During this extraordinary session, the committee analysed partial unemployment requests for February 2024 for 47 companies.

Following the government decision of 25 January 2024 on the advice of the Economic Committee whose members met on 23 January 2024 in an extraordinary session, it was decided that companies whose main activity falls under the NACE 41.200 codes(Construction of residential and non-residential buildings) and 43.1 (Demolition and site preparation), have now been declared in economic crisis.

Companies affected by this decision became eligible for the granting of partial unemployment during the period from 1 February to 31 July 2024, subject to review, capped at 20% of total unemployed hours per company and valid only for employees working on construction sites.

After analysing the 47 applications submitted, the Economic Committee ruled favourably on 37 requests. Eight requests were denied and two remained pending, awaiting a more detailed analysis of the company's activity.

The next meeting of the Economic Committee was scheduled for Monday 26 February 2024.