INFORMACIÓN DE MODA, TECNOLOGÍA Y MERCADOS PARA LA INDUSTRIA DEL CALZADO
NEWS | REPORTS | Argentina
Argentina | 08/20/2020

The government helps pay wages

Argentina

Support to the sector. The Chief of Staff Cafiero and the Minister of Economy Guzmán, during their visit to the Viamo shoe factory in Buenos Aires.

Through the ATP -Aid to Work and Production-, the Argentine government has implemented a salary contribution system for private industries and companies in crisis situation due to quarantine, according to the location of the applicants.
According to official information, 93% of the companies that apply for the ATP are SMEs with less than 25 employees. For the next few months, it is being studied to reconvert part of the subsidy into soft loans for those who have managed to restart their activities.