The European Commission has approved a €2 billion aid scheme for preserving employment and supporting self-employed individuals affected by the coronavirus outbreak and the emergency measures taken by states. The measure is expected to support the jobs of close to 400,000 employees and 300,000 self-employed persons. Support will be granted to employers affected by emergency state measures, to cover a part of their wage costs and their social security contributions, and to the self-employed and employers affected by lower revenues to partly compensate their reduced revenues.
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