Spain’s temporary layoff scheme, known as ERTE, is shoring up the labour market during the corona crisis, new figures show. Employment grew in May, as measured by new social security registrations, which rose by an average of 97,462 new contributors and a total of €18.5 million. ERTE is preventing the kind of debacle experienced during the last two weeks of March, when around 900,000 people lost their jobs in the wake of the lockdown introduced by the government on March 14. Although 450,000 furloughed workers have gone back to their jobs, there are still nearly three million people on ERTEs across Spain.
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