Covid-19 wage subsidy requests: 27,397 and counting

Fri, 20 Mar 2020

More than 27,300 firms have sought wage subsidies for their staff in the first three days they were available.Finance Minister Grant Robertson this week unveiled a $12.1 billion support package to help soften the economic blow facing the economy from the covid-19 pandemic, of which $5.1 billion was expected to support wages.As at 9am today, the Ministry of Social Development had received 27,397 applications for the subsidy – a lump sum payment covering 12 weeks and capped at $150,000 per firm.The ministry had another 1,321 applications for leav...

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