FILE PHOTO: A trader puts up a tape to control the access to his store as a commercial area opens during the coronavirus (COVID-19) outbreak, in Santiago, Chile, August 17, 2020. The banners read 'Maximum entry of 2 people' and 'Mandatory use of mask.' REUTERS/Ivan Alvarado/File Photo
SANTIAGO (Reuters) - Chilean President Sebastian Pinera announced on Sunday the launch of $2 billion (1.57 billion pounds) in subsidies aimed at creating new jobs or recovering those lost during months of lockdown aimed at stemming the coronavirus pandemic in the globe's top copper producer.
Pinera said the government would pay private businesses up to 50%, or as much as $317 of the salaries of any newly hired employee for the next six months. A similar program will cover up to around $200 of the salaries of employees who return to work after a furlough period during the coronavirus crisis.
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