To ease the burden of the coronavirus pandemic on the economy, Denmark is giving money to companies so they can keep their employees.
Denmark has always prided itself on its"flexicurity" model that marries the free market with a welfare society, but in the face of the COVID-19 pandemic, it has chosen another strategy.
With so much of the economy halted on its orders, the centre-left government has taken a different path.Like several other European countries, it chose to effectively fork over money to companies to pay the wages of their staff. "We want to make sure that we would keep all our employees, as they are all needed," Lene Tind, who runs the company, told AFP.
This is the first time Denmark has introduced measures like this to make sure employees stay on the job. But even with the programme in place, Denmark, like many other countries, is still seeing a spike in unemployment.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Day 1 of Covid-19 'circuit breaker' measures, and Singapore is a stiller cityBuses and trains run quite empty, while malls and the business district lie much quieter, notes ST's Rohit Brijnath.. Read more at straitstimes.com.
Read more »
A New COVID-19 Crisis: Domestic Abuse Rises WorldwideAdd another public health crisis to the toll of the new coronavirus: Mounting data suggests that domestic abuse is acting like an opportunistic infection, flourishing in the conditions created by the pandemic.There was every reason to believe that the restrictions imposed to keep the virus from spreading
Read more »
COVID-19: 'Very small number' taking advantage of Temporary Relief FundSINGAPORE — A “very small number” of over 100,000 Singaporeans who have applied for the Temporary Relief Fund (TRF) since applications opened on 1 April may be taking advantage of the scheme.
Read more »
Inter-agency task force to help migrant workers living in dorms affected by COVID-19SINGAPORE: An inter-agency task force will help migrant workers staying at three dormitories affected by the COVID-19 outbreak as 'circuit ...
Read more »