Labour Minister Milan Krajniak explaining how the new employment protection fund will work. (source: TASR)
Slovakia will launch an employment protection fund, a kind of permanent kurzarbeit scheme inspired by similar schemes in Germany and Austria. The Labour Ministry plans to introduce the scheme as of January 2022 to ensure there is enough time to prepare this new labour market instrument.
“We based our scheme on the German model, but we simplified it so it better suits Slovak conditions,” said Labour Minister Milan Krajniak (Sme Rodina) as cited by the TASR newswire. “This scheme should work not only for a crisis such as the current coronavirus one, but also, for example, for floods or other local problems.”
