3 June 2020
By Bryan Smyth
Following the post-cabinet briefing on Friday May 29th, Cork Chamber of Commerce welcomed amendments to the Temporary Wage Subsidy Scheme while cautioning that a broader interpretation of the supports is still required.
Conor Healy, Cork Chamber CEO commented:
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“Amends to the Temporary Wage Subsidy Scheme and continued suspension of the redundancy provisions are important steps however it is truly important that there is further and deeper focus on cashflow support measures with the rates waiver qualification criteria one of the key pieces of this puzzle. Many businesses will also be frustrated as we enter June without clarity on the extension of supports. This stress is unnecessary and clarity must be forthcoming as soon as possible. We must now also transition beyond debate of general principles to sector specific solutions, with tourism an obvious and vulnerable driver of our national economy.”
“It is however welcome and socially critical to see that a further revision to the TWSS scheme has now been made to accommodate the salaries of those who are returning to work after a period of adoptive or maternity leave, as the consequence of their omission would have been damaging to people’s lives and to our reputation as a fair and equal society.”
“The extended suspension of redundancy provisions will also be welcomed by many employers as the intent of the provisions is not valid during this pause in economic activity.”