Wage Guarantee Fund: Who Qualifies and What You Get
Learn how the Wage Guarantee Fund provides partial salary support to workers during temporary production slowdowns in Italy.
The Wage Guarantee Fund is a support system designed to help workers maintain their income when their company faces temporary production slowdowns.
Who it's for
This scheme is for employees working in companies that are experiencing a temporary reduction in production or work activity.
What you get
If you qualify, you can receive a portion of your salary to cover the hours you were unable to work due to the company's production issues. The support covers 80% of your salary for those lost hours.
What it costs you
There is no direct cost to you for this support. The process is managed entirely by your employer.
The catch to know
While the fund is meant to provide stability, you should be aware that payments are often delayed by several months.
How to apply
- Confirm with your employer that they are applying for the fund on your behalf.
- Ensure your employer provides the necessary documentation regarding your working hours.
- Monitor your official communications for updates on your payment status.