Rocket Lab considers repaying wage subsidy

Fri, 11 Jun 2021

Rocket Lab’s New Zealand subsidiary turned a profit in 2020 and may repay the $2.85 million wage subsidy for 408 staff it received during the depths of the covid-19 pandemic.NZ’s frontier space firm said since receiving the government top-up “it is unlikely that the conditions of the grant have been met” and it treated the item as a payable at Dec 31 in its latest accounts, filed with the Companies Office.Rocket Lab’s NZ wage bill rose to $38m in calendar 2020 from $32.8m a year earlier, and it paid $410,000 in bon...

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