The impact of Coronavirus – update on NOW: Compensation for employers in The Netherlands in the event of a qualifying decline in business activities (March 2020)
Client Briefings
Introduction
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Unprecedented measures have been announced by the Dutch government to help companies in the Netherlands to continue their business whilst the markets may deteriorate and uncertainties continue.
On 12 March 2020 the Dutch government, alongside other governments throughout the EU, has announced a number of economic measures to enhance the prospects of Dutch companies surviving the financial consequences of the Coronavirus. In our earlier client briefing we have explained these measures further. On 17 March 2020 an unprecedented additional set of measures was announced, as described in our update briefing. In this client briefing we provide an update on the temporary emergency measure aimed at the retention of work, as announced on 31 March 2020.
