France Tries Limiting Joblessness to Confront Coronavirus Recession [The New York Times]
SCHNEIDER ELEC UNSP/ADR (SBGSY)
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Source: The New York Times
The Coronavirus Outbreakdebugid:204mentContinue reading the main storySupported byFrance Tries Limiting Joblessness to Confront Coronavirus RecessionCan countries recover better from the pandemic-induced downturn by preventing companies and workers from going under to begin with? France is making a trillion-euro bet.A Parisian store during lockdown. Over 3.6 million French workers have been put on paid furlough.Credit...Dmitry Kostyukov for The New York TimesByLiz AldermanApril 1, ,PARIS — When France started shutting down a few weeks ago as the coronavirus marched relentlessly into the country, Dominic Paul feared disaster. His family’s white-glove catering company,Groupe ButardEdward Arkwright, the director general ofAéroports de Paris,The future of both businesses, and hundreds of thousands more around France, spiraled into uncertainty. Instead of sinking, though, they are being thrown lifelines as the French government deploys a targeted plan aimed at sheltering companies and keep
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