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Restructuring cards for employees of bankrupt companies

Country of implementation
Belgium
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
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