twitter   facebook   facebook
← Overview Database of Innovative Social Policies in Europe

Restructuring cards for employees of bankrupt companies

Country of implementation
General short description of the innovation
Restructuring cards aim to facilitate the return to the labour market after a redundancy by cutting personal and employers? social security contributions for workers affected by collective dismissals. / / Laid-off employees can enjoy a temporary reduction of their personal social security contributions when they find work with a new employer, within 6 months following the date of termination of the employment contract. The employer who recruits someone with such a card receives a temporary reduction of employers? contributions. / / Employers undergoing restructuring, and making use of the reduction card, can benefit from a repayment of the outplacement cost for the dismissed worker. /
Target group
Total Population
Policy Field
  • employment
  • general fiscal
Type of Policy
  • public
Duration of the policy
Restructuring cards exist since 2006.
Scope of innovation
  • Scope: Structural
  • Spatial coverage: Belgium (national)
General description of (intended) objectives and strategies
The restructuring card aims to facilitate return to the labour market after a redundancy, by creating financial incentives for dismissed employees to find work and for employers to recruit these dismissed workers.
Type of ideal-typical strategy for the innovation
  • encompassing security
  • others (contra-dualisation )
Type of innovation
  • new form of policy implementation/delivery
New outputs
  • subsidies/tax-credits
Intended target group
For workers who have lost their jobs in the context of a bankruptcy, a liquidation or the closing down of a company.
Working age population
  • main source of income: social protection
Actors involved in policy-making/implementation and/or evaluation
  • agency or national social insurance body (National Social Security Office )
  • employers (organised or individual)
Intended output
  • subsidies/tax-credits
Share this page: