Luxembourg's Ministry of the Economy has reported that the Conjuncture Committee (Comité de Conjoncture) met on Tuesday 23 September 2025, under the chairmanship of Luxembourg’s Minister of the Economy, SMEs, Energy and Tourism, Lex Delles, and the Minister of Labour, Georges Mischo.
During the meeting, the Conjuncture Committee first analysed the national economic situation and the labour market for August 2025.
The Committee then examined the forecast requests for short-time working for October 2025. The number of requests submitted increased by seven compared with the previous month. In total, 53 companies submitted a forecast request for the granting of short-time working in order to benefit from the provisions of this measure for the month in question; the final decision on the granting of this support lies with the Government Council (Cabinet).
After analysing the files submitted, the Committee approved 47 requests. Of these requests, 32 were due to cyclical reasons, eight were due to structural reasons, i.e. linked to an employment retention plan, and seven were justified by economic dependence. The number of employees concerned amounted to 4,489 full-time equivalent (FTE) jobs, compared with 4,368 the previous month.
According to the Committee, these figures are indicative and relate to the forecast number of employees affected; they therefore do not represent a concrete indicator of the economic situation. This is why the Conjuncture Committee also reports the number of employees who have actually benefited from the measure. That assessment can be made three months after the forecast requests are submitted. Once a forecast request has been approved, companies have two months to submit a breakdown of the hours actually not worked to ADEM.
With regard to short-time working requests for June 2025, approved at the May 2025 committee meeting, of the 51 forecast requests approved, 27 companies actually made use of short-time working. Two cases remain under review, bringing the number of settled cases to 25.
In total, of these 25 reports, out of the 1,661 employees initially announced for June 2025, 1,132 employees actually took short-time working, compared with 1,343 the previous month. In terms of FTEs, 243 FTEs actually took short-time working, compared with 262 FTEs the previous month.
Companies declared 42,033 hours of short-time working for June 2025, compared with 45,378 the previous month.
The cost to the Employment Fund for June 2025 amounted to €956,935, compared with €1,006,943 in May 2025.
The Conjuncture Committee also approved an employment retention plan and gave a positive opinion on three requests for tax exemption on redundancy and severance payments under Article 115(10) LIR, covering a total of 120 employees.
The next meeting of the Conjuncture Committee will take place on Tuesday 21 October 2025 at 08:30.