Credit: Pixabay

Luxembourg's Ministry of the Economy has reported that the Economic Committee (Comité de Conjoncture) met on Tuesday 21 October 2025, under the chairmanship of the Luxembourg’s Minister of Labour, Georges Mischo.

During the meeting, the Conjuncture Committee first analysed the national economic situation and the labour market situation for September 2025.

The Committee then examined the forecast requests for short-time working for November 2025. The number of requests submitted increased by four compared with the previous month. In total, 57 companies submitted a preliminary request 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 49 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 nine were justified by economic dependence. The number of employees concerned amounted to 4,872 full-time equivalent (FTE) jobs, compared with 4,489 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 lost to ADEM.

With regard to short-time working requests for July 2025, approved at the June 2025 committee meeting, of the 50 forecast requests approved, 28 companies actually made use of short-time working. Two cases remain under review, bringing the number of settled cases to 26.

In total, of these 26 reports, out of the 1,691 employees initially announced for July 2025, 946 employees actually took short-time working, compared with 1,132 the previous month. In terms of FTEs, 201 FTEs actually took short-time working, compared with 243 FTEs the previous month.

Companies declared 34,824 hours of short-time working for July 2025, compared with 42,033 the previous month.

The cost to the Employment Fund for July 2025 amounted to €811,156, compared with €956,935 in June 2025.

The Conjuncture Committee also approved one employment retention plan and gave a positive opinion on four requests for tax exemption on severance and termination payments under Article 115 (10) LIR, covering 24 employees.

The next meeting of the Conjuncture Committee will take place on Tuesday 18 November 2025 at 08:30.

EO