Quarter of furloughed workers ‘likely to lose their jobs when Government cuts payouts’
A QUARTER of furloughed workers are likely to lose their jobs when the Government cuts payouts, a poll has found.
Reductions to the amount being spent on the scheme will start in September.
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A quarter of furloughed workers are likely to lose their jobs when Government cuts payouts, a poll has found[/caption]
A survey of 2,000 businesses on behalf of London-based lender MarketFinance Ltd found nearly 25 per cent planned job cuts.
The poll also found that 45 per cent of companies plan to bring back up to half of their furloughed staff next month.
The government ‘s coronavirus job retention scheme was announced in March 20 allowing furloughed employees to claim 80 per cent of their wages up to £2,500 a month.
From August employers will have to contribute to wages, initially by paying national insurance and pension contributions.
The Sun Says
HE survey saying a quarter of furloughed workers will lose their jobs is horrifying.
Nine million are being kept afloat by the bailout. But that ruinous cost will end. At which point more than two million will be added to the dole queue.
That will be a bitter blow for many who have enjoyed the lockdown — some packing the beaches yesterday on what would ordinarily be a working day.
The bailouts’ end in October spells devastation in particular for the young and low-paid. And it falls to Chancellor Rishi Sunak to recreate the jobs boom of the last decade.
At least, post-Brexit, he will have even more tools with which to do it.
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From September they will have to pay those contributions plus 10 per cent of salaries.
Then from October they will have to pay those contributions plus 20 per cent of salaries.
Chancellor Rishi Sunak has extended the scheme until the end of October. The Office for National Statistics (ONS) estimates furlough is costing around £8billion a month.
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