Economy Ministry: 1.7 million affected by salary cuts or suspended contracts

. Apr 16, 2020
economy wage cuts

The number of people affected by salary cuts of reduced working hours topped 1.7 million on April 15. Two days before, the number was around 1 million. The Economy Ministry said these workers will be compensated by the government, receiving a part of their full share of unemployment insurance benefits, plus emergency aid of BRL 600 for intermittent workers. The overall cost for the government is expected to reach BRL 51.2 billion.

Natália Scalzaretto

Natália Scalzaretto has worked for companies such as Santander Brasil and Reuters, where she covered news ranging from commodities to technology. Before joining The Brazilian Report, she worked as an editor for Trading News, the information division from the TradersClub investor community.

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