On 4 May 2021 the Slovak parliament adopted Act No. 215/2021 on compensation for shortened work, widely known as Kurzarbeit (the “Actâ€). The Act aims to ensure that the state will partially compensate employer costs for employee wage compensation during periods of shortened work caused by external factors (the “Subsidyâ€). The Act will become effective as of 1 January 2022, as […]
