New Coronavirus

Package of measures to mitigate the economic consequences

On 20 and 25 March 2020, the Federal Council approved a comprehensive package of measures totalling CHF 32 billion to mitigate the economic consequences of the spread of the coronavirus. With the measures already approved on 13 March, over CHF 40 billion should be available for:

  • Bridging loans for SMEs
  • Compensation for parents
  • Emergency aid for culture, sport and tourism

Bridging loans for SMEs

If your company (sole proprietorships, partnerships, legal entities) is affected by a liquidity bottleneck as a result of the coronavirus, you can quickly and easily obtain credit amounts of up to 10% of turnover or a maximum of CHF 20 million from your bank.

 

To enable you to obtain a bridging loan from the banks, the Federal Council will set up a guarantee programme worth CHF 20 billion. Amounts up to CHF 500,000 will be paid out immediately by the banks and 100% guaranteed by the Confederation. Amounts in excess of this will be 85% guaranteed by the Confederation and will require a brief bank examination.

 

The emergency ordinance for the granting of the credits is to be adopted and published in the middle of next week. After that, the currently still open questions regarding the modalities of submitting these applications can be clarified. Applications can then be submitted to the respective house bank.


Extension of short-time working

The entitlement to short-time work is also extended to persons who are in a position similar to that of an employer or who work in the business of the spouse or registered partner. You can find more information here: Short-time work due to the coronavirus


Compensation for self-employed persons

Entitled are self-employed persons who suffer a loss of income due to the following measures of COVID-19-Regulation 2.

  • Schulschliessungen School closures
  • Medically prescribed quarantine
  • Closure of an independently managed publicly accessible business

The compensation is regulated in accordance with the income compensation regulations and is paid as a daily allowance. This corresponds to 80 percent of income and amounts to a maximum of 196 francs per day.


Compensation for parents

Parents who have to interrupt their gainful employment due to school closures in order to care for their children are entitled to compensation. They are also entitled to compensation in the event of interruption of employment due to a quarantine ordered by a doctor.

 

The compensation is based on the income compensation regulations and is paid as a daily allowance. This corresponds to 80 percent of income and amounts to a maximum of 196 francs per day.


Measures for unemployment insurance (ALV)

  • Regarding the job registration requirement, the obligation to register and all related tasks and obligations for employers and public employment services are temporarily suspended.
  • In the area of ALV, the submission of proof of work efforts is waived.
  • To avoid people receiving no public unemployment benefits any more, all entitled persons receive a maximum of 120 additional daily allowances.

Measure in the area of occupational benefits

In order to bridge liquidity bottlenecks, employers may temporarily use the employer contribution reserves they have built up to pay employee contributions to the occupational pension scheme.


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Package of measures to mitigate the economic consequences
Coronavirus - Wirtschaftspaket - e - 25.
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