Colombia unveils payroll subsidies, severance advances to stem quake layoffs

The Colombian government published emergency labor measures for earthquake-affected companies, including payroll subsidies for up to six months, advance severance withdrawals for suspended workers, and streamlined merger/asset-sale procedures. The measures aim to prevent layoffs and support business continuity, though implementation details and fiscal cost remain unclear. This is a direct policy response to the earthquake's economic impact, signaling heightened government intervention in the affected regions.