ITALY: Textile Staff Back To Work After Temporary Lay-Off
The scheme, called Cassa Integrazione Guadagni, allows Italian companies with financial difficulties to provide their workers with temporary lay-off status, allowing them to remain employees of the company but with a reduced salary paid by the Italian Government's Special Lay-off Benefits Fund.
After raising funds through a capital increase of EUR33.7 million, the textile manufacturing company is now able to pay salaries to the absent staff, making a return to work possible.
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