Finance

Social insurance could replace redundancy

Paul McBeth
Mon, 24 May 2021

Social insurance could replace redundancy

The jockeying has already begun on what the social insurance scheme should look like.

Paul McBeth
Mon, 24 May 2021

Business and union lobbies will work closely with the government in the coming months as they negotiate the details of the proposed public insurance scheme to protect workers who lose their jobs.Business NZ and the Council of Trade Unions had already been pushing for a social insurance scheme as a priority for the future of work tripartite forum in February last year, before the covid-19 pandemic forced the swift implementation of a wage subsidy scheme to save jobs and shore up business confidence.At the time, CTU president Richard Wagstaff and...

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Social insurance could replace redundancy

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