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Covid-19

Description and volume of the aid packages made available to employees, small businesses, large corporations

Employers and employees (or the worker’s council, if any) can agree on short-time-work: While the working hours of the employee are reduced to a range between 90 and 10 percent, the employee receives 80 to 90 percent of his usual wage. In the end, the employer only has to pay for the time, the employee is actually working. Austrian Labor Market Service (AMS) pays the rest. According to the media, this option is frequently used by employers and employees in order to secure jobs.

Austrian government created a hardship fund (Härtefallfond) for small businesses (up to 9 employees), which will receive up to EUR 6.000,-- / EUR 7.000,-- as non-refundable grants.

Also bigger companies, who suffered financial difficulties due the Covid-19 pandemic, can apply for grants and credits, which will be covered by an emergency fond. Further information will be provided by the Austrian government within the next days.

Additionally, entrepreneurs can apply for tax deferrals.