World Economic Forum - Coronavirus: What does 'furlough' mean and how will it affect workers worldwide?

01 April 2020 |

As country after country goes into coronavirus lockdown, whole industries have ground to a sudden halt. Many businesses have responded to this crisis by placing their staff on furlough - that is, unpaid leave - rather than laying them off completely. Governments across the world are intervening to support businesses and employees in coping with this unprecedented shock - but the level of support and who is eligible differs from country to country. The question of how sustainable these levels of support will be further down the line, however, is currently unknown. This page offers a rundown of what governments around the world are doing to help furloughed staff and their employers cushion the coronavirus blow.

Read more at the link below.