The Chancellor has just announced in Parliament that:
- the Coronavirus Job Retention Scheme will continue without change until the end of July
- the Scheme will remain in place and available to all sectors through to the end of October, but from August there will be greater flexibility. Employers currently using the scheme will be able to bring furloughed employees back part-time. Employers will also be asked to 'start sharing the cost' of the scheme. Employees will continue to receive at least 80% of their wages subject to the £2,500 per month cap. Full details will be available by the end of May.
The Treasury press release is available here.
Key contacts
Samantha Brown
Managing Partner, Employment, Pensions and Incentives, UK and EMEA, London
Steve Bell
Managing Partner, Employment, Industrial Relations and Safety, Asia and Australia, Melbourne
Emma Rohsler
Partner, Head of Employment, Pensions and Incentives, EMEA, Paris
Tim Leaver
Partner, London
Andrew Taggart
Partner, London
Fatim Jumabhoy
Partner, Head of Employment & Workplace Investigations, Asia, Singapore
Barbara Roth
Partner, New York
Christine Young
Partner, London
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