Círculo de Empresarios, together with a wide group of business associations from all over Spain, has published a statement on the latest economic measures adopted by the Government, with an impact on companies, as a consequence of the coronavirus crisis:
Despite the herculean efforts of healthcare professionals in the public and private sector, often without the resources they need to carry out their essential tasks, the pandemic will unfortunately be with us for several months to come. Businesses have thrown themselves into the provision of hospital facilities and the donation of PPE and healthcare equipment, both producing these materials and, in particular, maintaining services that are essential to our citizens. It is essential to acknowledge these contributions.
The impact of the crisis on the economy is already plain to see and nobody can be in any doubt that we will suffer an unprecedented recession during the coming months. Alongside the maintenance of activity in sectors that are essential and those in which operations can continue without exposing workers to the risk of infection, we have supported the measures imposing a lockdown, followed meticulously thanks to the commitment of ordinary citizens
Looking to the future, the best way to conserve jobs is by offering businesses less interference, and more flexibility and support at this critical juncture, rather than simply putting the brakes on dismissals. The liquidity measures and approval of temporary workforce restructuring plans are welcome, as are other measures that may relieve fiscal and corporate burdens preventing some businesses from going into liquidation.
Businesses need to participate in the search for the best solutions to tackling the unprecedented and critical situation in which we find ourselves. Business leaders will undoubtedly play the key role in ensuring a recovery in growth and employment that is rapid, inclusive and sustainable.
Overcoming the pandemic and managing the recovery