LatinNews Daily - 28 September 2020

* Chile’s President Sebastián Piñera has announced a plan to subsidise employment in the country, with the aim of helping economic recovery and recovering jobs lost due to the crisis caused by the coronavirus (Covid-19) pandemic, as well as creating up to 1m new jobs. The initiative, which will involve an investment of US$2bn over six months, will provide subsidies to employers who contract new employees or re-employ suspended workers. The government will subsidise 50% of each new employee’s gross monthly salary, to a maximum of Cl$250,000 (US$317). If the new employee is a woman, a young person aged 18 to 24, or a person with disabilities, the government will give the employer a subsidy equivalent to 60% of the gross monthly salary, capped at Cl$270,000. In the case of the re-employment of workers who were suspended under the employment protection law (a furlough scheme implemented during the pandemic), the subsidy to employers will be Cl$160,000. 

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