Jeonju City Faces Unprecedented Crisis... "Let's Overcome It with Strong Social Solidarity!"

Published 23 Jun.2020 14:50(KST)

Jeonju City, Non-Face-to-Face Agreement with Companies Participating in the 'No Layoff City' Initiative. Photo by Jeonju City

[Asia Economy Honam Reporting Headquarters Reporter Gominhyeong] Companies participating in the ‘No Layoff City’ initiative, which promises to maintain employment to overcome the economic crisis caused by COVID-19, are expanding from manufacturing-centered industries to various sectors such as wholesale and retail, and construction.

Despite unstable business management conditions, the participation of companies from various industries is expected to prevent mass layoffs caused by COVID-19 and block the collapse of local communities.

On the 23rd, Jeonju City announced that it signed a non-face-to-face win-win agreement for the ‘No Layoff City’ to overcome the COVID-19 employment crisis with representatives from 138 companies, including 7 media companies, 31 service industry companies, 33 manufacturing companies, 16 wholesale and retail companies, and 15 construction companies.

Accordingly, the number of companies participating in the No Layoff City win-win agreement increased to a total of 217, including 79 companies that signed the first agreement on the 13th of last month.

The city decided to support employment stability through measures such as ▲ interest subsidy on management safety funds for employment maintenance ▲ extension support for interest subsidy on repayment due for small and medium enterprise development funds ▲ support for employer’s share of employment maintenance subsidies ▲ employment insurance subscription consulting support ▲ education and training allowance support for companies participating in employment maintenance education and training ▲ deferral of local taxes (acquisition tax, local income tax, etc.).