Coronavirus Job Retention
Coronavirus Job Retention Scheme - how might it help employers?
Following the Chancellor’s recent announcement of the Coronavirus Job Retention Scheme, a new concept of furloughing employees has been created. The aim is to enable employers to retain staff in paid employment who “would otherwise have been laid off during this crisis”.
There remain significant gaps in the detail, but here’s a summary of how things stand at present (24 March 2020).
Guidance on the Scheme for employers and employees has been added to the GOV.UK website and any updates or further guidance is likely to appear there first.
In the meantime, if you need advice on specific employment issues or other business concerns at the present time, please get in touch and we will do our best to help you navigate your way through these difficult times.