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Six measures to preserve companies and workers

1. Supported companies cannot fire

Companies that receive support through credit lines launched by the Government will not be able to dismiss workers. It is one of the measures approved at the meeting of the Council of Ministers this Friday, March 20, through the decree-law that embodies the declaration of the state of emergency.

“The set of credit lines accessible to companies is subject to the maintenance of jobs,” said the prime minister at the press conference that followed the Government meeting and after a meeting with the President of the Republic.

Asked about support for families, António Costa said that this “is the most important measure” to guarantee people’s income, “even if there is some break”, said the head of the Government.

“This will be a very tough quarter for everyone,” said António Costa. “The essential thing is that we are able to face this crossing and in June assess the damage suffered”, that is, the Prime Minister admits that the crisis will last at least another three months, the entire first semester, therefore. Until then, the head of the Government considered that it will be “essential to protect employment, household income and avoid the closure of companies”.

“It would be unrealistic to be presenting a program to relaunch the economy, it is about concentrating on saving lives, income and companies”, assumed the Prime Minister, admitting that this first phase of the state of emergency should be prolonged. As for support from banks, António Costa said that they are “working with Banco de Portugal and the Portuguese Association of Banks to use all the flexibility given by the European Central Bank and renegotiate contracts with both companies and individuals” in the sense to create a moratorium on interest and capital.

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