Finance industry excluded from Covid-19 benefits
Financial and insurance businesses in Luxembourg have been denied access to the Covid-19 partial unemployment aid. They are probably also ineligible for the new package to support the economic recovery.
When Luxembourg implemented partial unemployment on 18 March to support companies and their employees impacted by the COVID-19 crisis, around 320 claims from financial and insurance institutions for a total of €47.7 million were rejected by the authorities.