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Short-time working could still cost the state 10 billion euros in 2021, according to OFCE

2020-12-12T04:53:42.289Z


The Observatory estimates that many companies will continue to use this aid system. Despite the gradual improvement in the economic situation next year, many companies will continue to use the partial unemployment scheme, at a cost that could reach 10 billion euros, estimates the OFCE in a note published Friday. Read also: The bill for partial unemployment increases with the reconfinement For 2021, the French Observatory of Economic Conjunctures (OFCE) forecasts a rebound in gr


Despite the gradual improvement in the economic situation next year, many companies will continue to use the partial unemployment scheme, at a cost that could reach 10 billion euros, estimates the OFCE in a note published Friday.

Read also: The bill for partial unemployment increases with the reconfinement

For 2021, the French Observatory of Economic Conjunctures (OFCE) forecasts a rebound in gross domestic product (GDP) of 7.1%, after a recession of 9.5% this year.

But, if this rebound may seem "

spectacular, it hides still significant losses of activities at the end of 2021

", warns the OFCE.

Thus, in the last quarter of 2021, GDP will still be 1.4% below its pre-crisis level, despite the stimulus plan planned by the government.

But it will be much more in the sectors, which will remain constrained due to the maintenance of health rules, such as restaurants, cultural activities or shops.

Thus, many companies will continue to mobilize short-time work to reduce their costs while avoiding laying off their employees.

In volume, this would still represent around 900 million hours of partial activity next year, for "

an amount of compensation of 10 billion euros borne by the State and Unédic

", anticipates the OFCE, after a total of nearly 2,700 hours this year and nearly 30 billion euros mobilized.

Read also: Unemployment insurance partially censored

The Minister of Labor Elisabeth Borne has also announced the maintenance until the end of January of the current conditions for partial unemployment compensation.

In particular, 100% State support for the sectors most affected by the crisis.

At this point, the government has budgeted 6.5 billion euros for short-time work next year.

Source: lefigaro

All business articles on 2020-12-12

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