No layoffs, reduced rent: 'Italian cure' for pandemic

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No layoffs, reduced rent: 'Italian cure' for pandemic
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Italian companies are barred from laying off workers due to coronavirus pandemic

1 / 3Shuttered market stalls in Rome's Monteverde Vecchio district on WednesdayShuttered market stalls in Rome's Monteverde Vecchio district on Wednesday Rome - Companies are barred from laying off workers and rents have been reduced under Italy's economic survival plan for life at the European epicentre of the coronavirus pandemic.

"When we talk about the Italian model, we are not only talking about health but also the economic response to the crisis," Conte said while unveiling his"Cura Italia" plan at the start of the week. The self-employed and seasonal workers such as tour guides can expect a 600-euro payment for the month of March to help cushion the pain of lost business.Families are issued 600-euro vouchers to cover the expense of having to hire baby sitters to look after their children, who will be out of school at least until April 3.

The government is compensating shop owners by offering them tax credits to cover 60 percent of their March rent payment.

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