COVID-19 Updates

COVID-19 Updates

COVID-19 Update – Employment: New measures regarding hardship indemnities, social contributions, bank loans and daily allowances

March 2020

On March 20, 2020, the Swiss Federal Council approved a package of measures to support the companies in their role as employer and the self-employed persons in order to mitigate the economic impact of the government measures taken to protect the public against the spread of the COVID-19 (coronavirus). These new measures are designed to further simplify access to hardship indemnities for companies, provide for a possible deferral of payment of some social security contributions, guarantee minmum cash flows to the companies and expand the scope of the daily allowances in case of loss of earnings. The aim is to save jobs, guarantee wages and provide targeted support to affected individuals, companies and business sectors.

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