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Netherlands - Extension of salary support scheme - August 31, 2020

The current NOW salary support scheme runs at 90% of the wage bill for companies with a drop in turnover of at least 20%. From October, the support will be reduced in stages to 80%, 70% and 60% every three months, while from January, the scheme will only apply to companies with a turnover reduction of at least 30%. The cost of this measure is put at some €5.4 billion. Companies in receipt of NOW support will not be fined if they sack staff and will be able to reduce salaries if unions agree, but the ban on dividend and bonus payments will remain.

Read on: in English ...

For more information, please contact Paul de Beer or Oana Ciuca or Sjaak van der Velden, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org.
For previous full issues of the Collective bargaining newsletter please visit www.etui.org/E-Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.eu.
You may find further information on the ETUI at www.etui.org.

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