News

What you need to know about downtime compensation

Mar 25, 2020
The outbreak of Covid-19 has significantly worsened the global financial situation and has adversely affected the daily work of companies, resulting in sudden and rapid changes in the labor market. Eversheds Sutherland Bitāns team is closely monitoring the legislative changes in Latvia to offer appropriate solutions aimed to overcome this emergency situation.

A detailed overview of Regulation of the Cabinet of Ministers of the Republic of Latvia No 151 of 24 March 2020, "Regulations on sectors where the financial situation has significantly deteriorated due to the prevalence of the Covid-19" and Regulation of the Cabinet of Ministers of the Republic of Latvia No 152, "Regulations regarding downtime compensation for employees affected by the Covid-19".

Information on the new regulatory framework entering into force on 26 March 2020 by Eversheds Sutherland Bitāns is available here.

< Back to News

Categories

Raytheon Technologies

Feedback

We are very pleased to be part of AmCham and are looking forward to driving innovation forward in Latvia.

Mikko Fernström, General Manager, Biogen Latvia

AmCham is based on values and behaviors that enable its members to fulfill a common purpose - a sustainable and transparent business environment, and we are truly proud to be a part of this growing community.

Edgars Skvariks, Corporate Public Affairs Manager at Bayer