Chile Announces US$2 Billion Package to Help Recovery, Create New Jobs

The lockdown associated with the virus has hammered Chile’s commerce, service and tourism sectors and driven unemployment to over 13%, its highest level in a decade.

RIO DE JANEIRO, BRAZIL - Chilean President Sebastian Piñera announced on Sunday, September 27th, the launch of US$ 2 billion in subsidies aimed at creating new jobs or recovering those lost during months of lockdown aimed at stemming the coronavirus pandemic in the globe’s top copper producer.

Piñera said the government would pay private businesses up to 50%, or as much as US$ 317 of the salaries of any newly hired employee for the next six months. A similar program will cover up to around US$ 200 of the salaries of employees who return to work after a . . .

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