Ministry of the Economy - Economic Committee

The Economic Committee is a special body that monitors the economic climate. Its members represent employee and employer organisations, as well as various ministries and authorities (including the Ministry of Labour, Employment and the Social and Solidarity Economy – Ministère du Travail, de l'Emploi et de l’Économie sociale et solidaire – and the Ministry of Finance – Ministère des finances).

The main functions of the Committee are:

  • close monitoring of developments in Luxembourg's economic situation and the labour market;
  • issuing opinions on various types of requests for short-term work and early retirement for company restructuring, in accordance with its mission;
  • in collective redundancies, inviting the social partners within a company to put a job protection plan in place;
  • when necessary, issuing opinions on requests for tax exemption on severance pay.
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