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Kalkine Media ASX Share Market News & Research

UK Government’s Furloughing Scheme

May 04, 2020 11:02 PM BST | By Team Kalkine Media
Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

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Several businesses are seeking support from the government so that they can mitigate their losses and avoid the considerable layoffs across the United Kingdom as well as other parts of the world. Under the UK Government’s furloughing scheme, the government has committed to take the forbearance of 80 percent of employee’s salaries with the view to ensure job retention in these times of crisis. Lets have a closer look at the scheme.

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