© 2020 Copyright France 24 – All rights reserved. France 24 is not responsible for the content of external websites. Audience ratings certified by ACPM/OJD. Tens of millions of jobs are now at risk from the coronavirus pandemic, with entire industries being shut down to keep the virus from spreading. Governments across Europe are spending billions on wage subsidies in a desperate effort to save jobs and cushion the economic blow. A spike in unemployment is a triple threat to a country’s economy: consumer spending and tax revenues drop, while social welfare costs skyrocket. The International Labour Organization estimates that almost 25 million jobs could be lost worldwide due to the coronavirus pandemic.  Governments across Europe are using public money to try to secure jobs through the crisis by paying or reimbursing companies that have seen their revenues dry up. Their goal: to keep employees on the payroll so they can resume working when businesses re-open. As the number of cases of the virus began to rise, the French government extended its system of chômage partiel, or partial unemployment.  When a company is forced to reduce or suspend work, it can apply for state fun...