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Job Support Scheme (November for 6 months)

JohnL

By JohnL
in General ED Issues / Gossip

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JohnL

JohnL

Posted
Posted

Chancellor didn't give all the details, just a summary - seems to me that


Employee must work at lease 1/3rd of full time and up to 2/3 can be furloughed.


For the furloughed portion

Employer and government pay a 1/3 each

Employee sacrifices 1/3 full time wages


Also if you work for a large firm they must demonstrate loss of turnover.


it's still cheaper to keep one person full time than two people using this scheme BUT maybe there would then be costs of redundancy and the job retention bonus of 1000 will still be paid so ....

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