Denmarks shuts down all schools, daycare facilities, universities, highschools
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Re: Denmarks shuts down all schools, daycare facilities, universities, highschools
#2Also, all public sector employees who do not perform critical functions will be sent home on paid leave, and all private companies are recommended to do the same.
On top of this all public gatherings of more than 100 people is discouraged, and it is alsp encouraged for all bars and nightclubs to keep closed for now. These are expected to be signed into law within the week.
Re: Denmarks shuts down all schools, daycare facilities, universities, highschools
#3Also, all public sector employees who do not perform critical functions will be sent home on paid leave, and all private companies are recommended to do the same. On top of this all public gatherings of more than 100 people is discouraged, and it is alsp encouraged for all bars and nightclubs to keep closed for now. These are expected to be signed into law within the week.
Are businesses being provided lines of credit or other funding sources to continue paying employees while their income might decline in the short term? Or are they able/expected to pay out of cash reserves or existing business credit lines?
Re: Denmarks shuts down all schools, daycare facilities, universities, highschools
#4Also, all public sector employees who do not perform critical functions will be sent home on paid leave, and all private companies are recommended to do the same. On top of this all public gatherings of more than 100 people is discouraged, and it is alsp encouraged for all bars and nightclubs to keep closed for now. These are expected to be signed into law within the week.
Are businesses being provided lines of credit or other funding sources to continue paying employees while their income might decline in the short term? Or are they able/expected to pay out of cash reserves or existing business credit lines?
There are no immediate promises of such measures being made. Edit: Since this is being downvoted could someone provide a source for such immediate promises? I must have missed it.
Re: Denmarks shuts down all schools, daycare facilities, universities, highschools
#5Austria has taken similar measures as well.
Re: Denmarks shuts down all schools, daycare facilities, universities, highschools
#6Poland is closing too from Monday.
Re: Denmarks shuts down all schools, daycare facilities, universities, highschools
#7Also, all public sector employees who do not perform critical functions will be sent home on paid leave, and all private companies are recommended to do the same. On top of this all public gatherings of more than 100 people is discouraged, and it is alsp encouraged for all bars and nightclubs to keep closed for now. These are expected to be signed into law within the week.
Are businesses being provided lines of credit or other funding sources to continue paying employees while their income might decline in the short term? Or are they able/expected to pay out of cash reserves or existing business credit lines?
yes, the specifics aren't out yet but a package is being put together right now by the government. We don't know yet how much, but the numbers are in the billions.
The government is aware that this is a dificult situation financially for a lot of companies and are working to resolve it. A lot of it will be through delayed payment of taxes and VAT to keep cashflow.
Re: Denmarks shuts down all schools, daycare facilities, universities, highschools
#8I wonder if the US will see a similar shutdown in the coming weeks.
Re: Denmarks shuts down all schools, daycare facilities, universities, highschools
#9Also, all public sector employees who do not perform critical functions will be sent home on paid leave, and all private companies are recommended to do the same. On top of this all public gatherings of more than 100 people is discouraged, and it is alsp encouraged for all bars and nightclubs to keep closed for now. These are expected to be signed into law within the week.
Are businesses being provided lines of credit or other funding sources to continue paying employees while their income might decline in the short term? Or are they able/expected to pay out of cash reserves or existing business credit lines?
Tax and VAT payments can be deferred
Re: Denmarks shuts down all schools, daycare facilities, universities, highschools
#10Most big cities in Norway as well have drastic measures now. No gatherings over 100 people, encouraged to work from home etc.