One simple idea is catching on in Europe to fight the coronavirus: Pay workers to stay at home and do nothing. | Markets Insider

Singapore News News

One simple idea is catching on in Europe to fight the coronavirus: Pay workers to stay at home and do nothing. | Markets Insider
Singapore Latest News,Singapore Headlines
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

One simple idea is catching on in Europe to fight the coronavirus: Pay workers to stay at home and do nothing.

Here are more details surrounding the plans now underway in the three European nations mentioned above.Jacob Gronholt-Pedersen/Reuters

Under the plan, the government would also cover sick leave and compensate businesses for fixed expenditures like rent. It's slated to end in June. "It's going to be harder to have a strong recovery if companies have to spend time hiring back workers that have been fired."Peter Hummelgaard, the nation's Employment Minister, said the government was attempting to address the economic pain of its average citizens with the radical measure.

The government would then provide the company with the funding to cover their employees' wages for the next three months.The UK government said it will pay the wages of workers for the first time in its history.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

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.

Robots enlisted to fight the coronavirus in China, the US, and Europe - Business InsiderRobots enlisted to fight the coronavirus in China, the US, and Europe - Business InsiderHow China, the US, and Europe are using robots to replace and help humans fight coronavirus by delivering groceries, sanitizing hospitals, and monitoring patients
Read more »

March PMIs presage a precipitous recession in America and EuropeMarch PMIs presage a precipitous recession in America and EuropeServices were hit early and hard in March, as travel, tourism and visits to restaurants dried up
Read more »

New York Couple Details Their Rushed Escape Home from Europe During Coronavirus OutbreakNew York Couple Details Their Rushed Escape Home from Europe During Coronavirus OutbreakBilly and Ivana Trudsoe never thought their annual trip to Europe would turn into a chaotic race against time to get back to the United…
Read more »

Nike's revenue beats as North America, Europe offset China sales dropNike's revenue beats as North America, Europe offset China sales dropNike Inc beat Wall Street estimates for quarterly revenue on Tuesday, powered by...
Read more »

Some glitches in the UK as Disney+ launches in EuropeSome glitches in the UK as Disney+ launches in EuropeDisney+ launched in Britain, Ireland, Germany, Italy, Spain, Austria and Switzerland with reduced picture quality to ease data volumes flowing through networks amid the coronavirus pandemic.
Read more »

Deaths jump across Europe, dashing hopes that worst of Covid-19 is overDeaths jump across Europe, dashing hopes that worst of Covid-19 is overItaly has seen more fatalities than any other country, with latest figures showing that 6,820 people have died from the infection in barely a month.
Read more »



Render Time: 2025-04-24 04:37:24