In the Netherlands similar. Government pays 90%, employer the other 10% and can't fire anyone.
Take 2019 for instance. If that scheme existed then, without any pandemic, it would be a great way to soften the exit and allow folks time to find new jobs.
But the world we're in now, not so much. It's pulling the band-aid off slower, and my take is, waiting for a hail-mary play when someone magically comes up with a solution for this problem.
My interpretation of all of this waves hand around at world leaders is that they genuinely believe science and technology work like magic, and will come up with something, soon.
The company I'm in hasn't fired anyone and is safe.
Some neighboring countries have similar programs.