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Half of companies in Caribbean Neths. use emergency package | THE DAILY HERALD

April 18, 2021

Half of companies in Caribbean  Neths. use emergency package | THE DAILY HERALD
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Companies that received financial support in the Caribbean Netherlands, by sector, since March 2020.

CARIBBEAN NETHERLANDS--Nearly half of all local enterprises in the Caribbean Netherlands made use of a financial contribution towards their wage cost and/or fixed overhead last year. This is evident from new figures released by Statistics Netherlands CBS.

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  The package of emergency measures has been in place in the Caribbean Netherlands since March 2020 to tackle the economic consequences of the COVID-19 crisis.

  The share of companies in the Caribbean Netherlands claiming government support for their wage cost and/or fixed overhead ranged from 45 per cent in Bonaire to 55 per cent in Saba and 47 per cent in St. Eustatius.   

  Employers applied for a contribution in wage cost related to 4,020 jobs. This concerned the wage cost of both employees and self-employed.

  The vast majority of claims were made in the accommodation and food services sector. In this sector, 200 companies received financial support for 1,290 jobs; almost all of them were located in Bonaire (1,190). In the trade sector, 200 companies applied for contributions from the emergency package. They received a contribution towards their wage cost for altogether 500 jobs.

https://www.thedailyherald.sx/islands/half-of-companies-in-caribbean-neths-use-emergency-package

Source: https://www.thedailyherald.sx/islands/half-of-companies-in-caribbean-neths-use-emergency-package

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