LONDON (Reuters) – UK Treasury Secretary Rishi Sunak on Thursday announced a new jobs support scheme that will help firms recruit people to work on shorter schedules.
“The government will directly support the wages of working people, giving businesses that face reduced demand the ability to keep workers on shorter working hours instead of laying them off,” Sunak said.
Workers are required to work at least one third of their normal working day, and the government will take steps to compensate for the remaining two thirds of their wages. Large companies will have to report on the decline in employee turnout.
The Confederation of British Industry said the new government measures would save hundreds of thousands of jobs.
The scheme will operate for 6 months, Sunak said.
(David Millikan and Andy Bruce. Translated by Vladimir Sadykov. Editor Anna Kozlova)