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Businesses unwilling to take state aid

Photo: BGNES

Only 8% of Bulgarian companies, mostly small ones, will receive state aid for wages under the 60:40 scheme. The remaining 92% will either cut staff, reduce salaries, and put employees on paid and unpaid leave, a study by the Bulgarian Industrial Association shows. Some businesses resort to laying off personnel because there is no forecast as to when the extraordinary circumstances will end.

33% of companies plan partial redundancies. 5% plan to lay off their entire workforce. Reducing wages is a temporary measure for 1/10 of companies. 40% of employers send their employees on leave.

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