Spanish Government approves extension of ERTEs until 30 September 2020
The Spanish Government approved last Friday, June 26, the Royal Decree-Law 24/2020 extending the temporary layoff procedures “ERTE”. After a long and difficult negotiation with social and economic parties, the Government finally agreed to extend the validity of ERTEs of force majeure until September 30, without any exclusion concerning the activity or industrial sector of the requesting companies, as apparently intuited at the beginning of the negotiation. This implies that all companies that before the entry into force of RDL 24/2020 had an ERTE of force majeure in place, will be able to maintain it until 30 September 2020, although with lower percentages of exemption from contributions to the social security.
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