Comment of the British Chamber of Commerce in the CR, French-Czech Chamber of Commerce in the CR, Nordic Chamber of Commerce in the CR and American Chamber of Commerce in the CR on „Program Antivirus"

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27th March 2020

Many businesses have experienced sharp drops in revenue stemming from drops in demand, shortage of supply, and/or government measure. Clearly delineating the source of the drop in revenue is academic detective work. The important issue is that the drop in revenue has created major cash flow issues inside these companies and compelling companies to cut costs. The concern is that companies will cut employment as result, and that the cumulative effect of lower employment will lead to cycle of lower demand and further job loss.

The Czech government has reacted to this situation with a package of employment support measures targeted at specific causes of revenue loss: quarantine (two programs), government emergency measures, loss of supply due to the coronavirus, and loss of demand for product and service. The government has placed a range of government wage compensation based on the cause.

>> Read full statement by the British Chamber of Commerce in the Czech Republic, French-Czech Chamber of Commerce in the Czech Republic, Nordic Chamber of Commerce in the Czech Republic and American Chamber of Commerce in the Czech Republic on the Government „Program Antivirus" attached below in Czech and English.

Attachments:

CommentonEmploymentMeasures_ENG-CZ.pdf