Coronavirus: Update on Furlough
Information about the Coronavirus Job Retention Scheme.
What is furlough?
The word was a little known concept only weeks ago but now it is being used frequently. Furlough means temporary leave of absence from work and has been introduced in response to the unprecedented situation the pandemic has caused.
Coronavirus Job Retention Scheme
The Government introduced the Coronavirus Job Retention Scheme so as to cover 80% of workers’ wages for March, April and May if they are put on leave. Employers pay workers and then reclaim the money from HM Revenue and Customs (HMRC) at the of April 2020. The intention is to provide employers with the option to keep employees on their payroll without them working meaning they are not being laid off or face redundancy.
Today the Coronavirus Job Retention Scheme has been extended from 31 May 2020 until the end of June 2020. The announcement has been eagerly awaited following fears of large employers facing the reality of commencing a 45 day collective redundancy consultation (when they plan on making more than 100 people redundant) should the Scheme not have been extended.
How can we help?
If you have an Employment Law Issue, please contact one of our Specialist Employment Law Solicitors at Lincs Law on 01522 440512 or visit our website www.lincslaw.co.uk for more details on how we can help you.
Lucy Stones, Specialist Employment Solicitor
Lincs Law Employment Solicitors, Lincoln.