Report
Short-time work, an airbag to survive an economic crash
In Europe and the US, the lockdown has reduced the average level of economic activity by about a third, much more (80-90%) in some labour-intensive sectors (construction, catering), with tens of millions of employees affected. What to do to ensure that such a brutal shock leaves the least durable trace on the labour market? Several schemes have been created or extended to encourage short-time work (Europe) or to encourage firms to re-hire their staff once the confinement measures...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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