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06/08/2009
Job Protection Scheme Launched
The Taniaste has announced a €250million subsidy scheme aimed at protecting almost 30,000 jobs.
The scheme will involve the payment of a subsidy to firms to keep a person in employment for a period of 15 months.
Vulnerable companies will be able to access a grant of up to €9,100 per worker over a 15 month period to help meet their wage bills enabling the company to continue paying the employee their normal wages.
The scheme will provide for a maximum subsidy of €200 per week per full-time employee for the first six months. This will then reduce to €150, €100 and €50 for each of the following 13-week periods.
Taniaste Mary Coughlan said: "In providing this support, the Government is optimistic that jobs will be saved and that vulnerable enterprises will benefit and will survive through the current challenging economic period."
To qualify for the scheme companies must not have been in difficulty on 1 July 2008, must employ at least ten full-time staff and must be likely to have to consider redundancies within 12 months.
They must also meet other financial criteria.
(DW/BMcc)
The scheme will involve the payment of a subsidy to firms to keep a person in employment for a period of 15 months.
Vulnerable companies will be able to access a grant of up to €9,100 per worker over a 15 month period to help meet their wage bills enabling the company to continue paying the employee their normal wages.
The scheme will provide for a maximum subsidy of €200 per week per full-time employee for the first six months. This will then reduce to €150, €100 and €50 for each of the following 13-week periods.
Taniaste Mary Coughlan said: "In providing this support, the Government is optimistic that jobs will be saved and that vulnerable enterprises will benefit and will survive through the current challenging economic period."
To qualify for the scheme companies must not have been in difficulty on 1 July 2008, must employ at least ten full-time staff and must be likely to have to consider redundancies within 12 months.
They must also meet other financial criteria.
(DW/BMcc)
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