Over half of firms used COVID furlough fund

CIG used for 40% of private-sector employees say INPS, BoI

(ANSA) - ROME, 29 LUG - The Bank of Italy and social security agency INPS said Wednesday that over half of Italy's businesses made use of the special Cig-Covid fund to pay workers who were furloughed or had their hours reduced during the coronavirus emergency.
    It said the fund was used for 40% of private-sector employees.
    It added that a significant proportion of the companies who did not register a drop in revenue during the pandemic also used the fund (20% in manufacturing, 30% in services). (ANSA).


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