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Czech Republic: Ruling coalition submits final version of Kurzarbeit bill to parliament

Research Team

Research Team @ EmergingMarketWatch

12 April 2021

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EmergingMarketWatch

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New scheme to reimburse 80% of net wages, capped at 1.5 average national wages
Government will decide when to activate scheme, in consultation with social partners
New scheme not to prevent layoffs, but employers will need to give at least a 3-month notice
Projected monthly fiscal cost is a maximum of CZK 2.6bn in case of restricted business activity; base scenario suggests monthly cost around CZK 290mn
Kurzarbeit scheme may take effect as of May, since ANO and CSSD requested emergency legislative procedure

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