Businesses taking up wage subsidy - News Summed Up

Businesses taking up wage subsidy


Businesses affected by the Covid-19 outbreak are largely interested in two questions: whether they are an essential service and how to access the wage subsidy scheme, Otago Chamber of Commerce chief executive Dougal McGowan says. Finance Minister Grant Robertson said there had been 117,273 applications for wage subsidies and of them 41,505 had been approved. The amount paid out to businesses in wage support was $687 million as of yesterday afternoon. The Government had also removed a $150,000 cap on businesses seeking wage subsidies. ‘‘That’s a huge, huge relief, particularly for those medium to large businesses,’’ Mr McGowan said.


Source: Otago Daily Times March 24, 2020 15:22 UTC



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