Earlier this month, Rishi Sunak announced the anticipated extension to the Coronavirus Job Retention Scheme (the Scheme). The Scheme will now continue until 31 October 2020, but from 1 August 2020 the Scheme will be modified to permit part time working of furloughed staff. Whilst employees will continue to receive 80% of their salaries (up to the monthly cap of £2,500), employers will also be required to pay a proportion of this. But will employers need to enter into new furlough agreements to address these changes? MORE.
- May 26, 2020
