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What you need to know about downtime compensation?

Mar 25
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.

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