Employers: Coronavirus Job Retention Scheme
The following information is based on the information publishes as of 26 March. It is intended as an indication of how the scheme will work, as no detailed guidance issued yet.
The principle behind the scheme is to keep employees at home whilst enabling employers, whose operations have been severely affected by Coronavirus, to retain staff. The ‘Coronavirus Job Retention Scheme’ will be available for employers of furloughed workers (employees on a leave of absence) at a rate of 80% of the salary for employees, up to £2, 500 limit, who otherwise would have been laid off