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Severance pay in payroll: Treasury-ABI-Ministry of Labor agreement for disbursement

Companies with fewer than 50 employees who experience problems in the financial flows necessary to meet the higher monthly outlay will be able to access loans at a subsidized rate, which will be disbursed with a public guarantee.

Severance pay in payroll: Treasury-ABI-Ministry of Labor agreement for disbursement

"The implementation process of the provisions of the stability law regarding the payment of severance pay in payroll was completed with the framework agreement between the Ministry of Economy and Finance, the Ministry of Labor and Social Policies , the Italian Banking Association”. The Treasury announced it yesterday in a note.  

"Thanks to the framework agreement - continues the text - companies with fewer than 50 employees who should experience problems in the financial flows necessary to meet the higher monthly outlay following requests for monthly disbursement of the amount otherwise destined for severance pay will be able to access subsidized loans. The banks adhering to the framework agreement will be able to disburse loans at a subsidized rate by virtue of the public guarantee”.

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