April 27, 2020 / 4:02 PM / a month ago

Czech government extends wage support for firms, discusses deferral of social insurance payments

PRAGUE, April 27 (Reuters) - The Czech government approved on Monday extending until the end of May a scheme under which the state covers a large part of wages at firms affected by the coronavirus pandemic to avoid job losses, Labour Minister Jana Malacova said.

She said the government was also discussing a plan to allow firms to defer their portion of May-July social insurance payments of 24.8% paid on top of employees’ gross salaries by three months, with 4% annual interest. (Reporting by Jan Lopatka)

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