Ordinary Wage Guarantee Fund: Who Qualifies and What You Get
Learn how workers in Italy can receive partial salary coverage if their company faces production slowdowns or temporary site closures.
The Ordinary Wage Guarantee Fund is a social safety net designed to support employees when their workplace cannot operate normally. This measure provides financial relief to workers during periods when their employment is temporarily interrupted due to company-wide issues.
Who it's for
This fund is for employees working in companies that are experiencing temporary production slowdowns or site closures.
What you get
If your work is suspended due to these business interruptions, you can receive a portion of your lost income. Specifically, you receive 80% of your salary for the hours you were unable to work because of the site suspension.
What it costs you
There is no direct cost to you, and you do not need to file an application yourself. The entire process is managed by your employer.
The catch to know
The main thing to keep in mind is that payments are often delayed by several months. Because of these delays, you should check your bank account regularly to ensure you are receiving your funds.
How to apply
- Continue your normal work routine until your employer notifies you of a suspension.
- Confirm with your employer that they have filed the necessary paperwork with the relevant authorities.
- Monitor your bank account for incoming transfers.