SMEs wary of new wage subsidy scheme
The EWSS, which businesses fear could lead to cashflow problems, replaces the existing scheme and comes into force this Tuesday
Paschal Donohoe was prevalent on the nation’s airwaves on Friday as he extolled the virtues of the new employee wage subsidy scheme (EWSS) and encouraged employers to sign up for it.
It comes into force on Tuesday and replaces the temporary wage subsidy scheme (TWSS), which Donohoe quite rightly heralded as a “massive success” since its launch at the beginning of the pandemic.
That scheme helped to protect jobs, incomes and...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
AIB financial targets will be met by closures and 1,500 job cuts
The bank, which is 71 per cent owned by the Irish taxpayer, may also be looking towards acquisitions, one of which is the wealth management company Goodbody stockbrokers which it formerly owned
Brian Keegan: Businesses deserve a reward after such a tough year
It’s clear from the November exchequer returns that Irish firms have been doing the right thing throughout the coronavirus crisis
Credit guarantee: The money’s there, but where is it going?
With very little of the €2 billion credit guarantee cash having found its way to stricken companies, some are speculating that the banks are too busy dealing with underperforming loans to lend cash to firms