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All Journal Masalah-Masalah Hukum LAW REFORM Brawijaya Law Journal : Journal of Legal Studies Al-Ihkam: Jurnal Hukum dan Pranata Sosial Lex Scientia Law Review Jambe Law Journal Jambura Law Review Indonesian Journal of Advocacy and Legal Services Journal of Law, Society, and Islamic Civilization Journal of Law and Legal Reform Pandecta : Jurnal Penelitian Ilmu Hukum (Research Law Journal) Indonesian Journal of Advocacy and Legal Services JILS (Journal of Indonesian Legal Studies)
Pati, Umi Khaerah
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Religion Humanities Law, Crime, Criminology & Criminal Justice Social Sciences

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Journal : LAW REFORM

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Balancing Corporate Rescue and Workers' Protection in Pandemic Crises: Lessons from Selected European Countries Santoso, Budi; Pati, Umi Khaerah
LAW REFORM Vol 20, No 2 (2024)
Publisher : PROGRAM STUDI MAGISTER ILMU HUKUM FAKULTAS HUKUM UNIVERSITAS DIPONEGORO SEMARANG

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/lr.v20i2.62885

Abstract

Pandemics, one of the causes of economic crises, have led to the worst global catastrophe in a century. During the COVID-19 pandemic, numerous businesses exercised caution in financial investments and commercial activities to protect productivity and finances. As a result, these companies have progressively reorganized as a proactive strategy, often to reduce production costs and labor expenditures. This study aimed to analyze the balance of interests between corporate rescue and workers’ protection during pandemic crises within the framework of best practice regulations in selected EU countries. It also seeks to create a pandemic-preparedness model for companies and workers. The study reveals that wage subsidies (WS) can directly support workers, assess market demand, and reduce turnover due to COVID-19 or the implementation of large-scale social restrictions (PSBB). The Job Loss Security Program (JKP) in Indonesia has allowed for furloughs, providing laid-off workers with monetary benefits and training. Indonesia could consider integrating the WS and furlough systems, enabling firms and individuals to continue working with subsidies or to take temporary or full layoffs with benefits during crises.
Co-Authors Asror, Muhammad Hanif Bajrektarevic, Anis H. Bambang Santoso DARA PUSTIKA SUKMA Dwi Budi Santoso Hendriana, Rani Indrajat, Heri ITOK DWI KURNIAWAN Jamal Wiwoho Kukuh Tejomurti, Kukuh Mellisa Towadi Mohamad, Mohamad Hanapi Bin Pambudi, Lintang Ario PRANOTO Pranoto Pranoto Pratama, Anugrah Muhtarom Pujiyono Pujiyono Setya Wahyudi Tedi Sudrajat Utami, Nurani Ajeng Tri Weda Kupita