Level 2 adding to job-loss risk — EMA

Thu, 21 May 2020

Level 2 covid-19 restrictions have created a risky “holding pattern” in which up to 10 percent of firms in one industry association have sought advice on redundancies. The Employers and Manufacturers Association’s adviceline has fielded 650 calls about restructuring and redundancy since the lockdown began – a number that represents almost 10 percent of the organisation’s total membership. “With the deadline for the first tranche of the wage subsidy approaching in June, I expect the figure for May to exceed the 250 inquiries we had in Marc...

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