Economic policy / Employment and Social Affairs
This section reports on economic policy initiatives of the Czech government, the EU, and other entities that have a direct impact on the competitiveness of the country. It also includes information on economic priorities of the AmCham and other leading associations.
Show subcategories ▾
Spotlight issue
Comments on government employment support and table comparing government net revenue between support programs and unemployment payment
The current plan to support employment will not prevent companies with significant loss of revenue from reducing employment. This is especially critical in Regime B, which applies to many companies with no or very little revenue due to needed government actions to contain the virus.
View more
Twitter
Linkedin
Facebook
Google+
AmCham Comments on Government Programs to prevent unemployment from temporary, severe loss of revenue caused by the coronavirus
Our view is that the strict containment measures adopted by the Czech Republic are necessary not only to contain the spread of disease in order to prevent a breakdown in the healthcare system and consequent greater loss of life, but also to avoid the longterm economic damage a significant outbreak could cause. Therefore, we propose the government pursue immediate economic measures that will mitigate the damage of virus and its containment and then prepare regulatory changes that can make recovery swifter and more sustainable.
1) Pass some form of the Ministry of Social Affairs proposal by March 20.
2) Consider introducing renewable time limits and a salary cap for government contributions.
3) Consider moving from a kurzarbeit-style program to direct company payments if the containment period lasts more than a month.
View more
