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Tag: Furlough

Finance Minister Sunak to announce local furlough scheme on Friday – The Times

October 10, 2020
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FILE PHOTO: Britain’s Chancellor of the Exchequer, Rishi Sunak, leaves a television studio in London, Britain, October 6, 2020. REUTERS/Toby Melville

(Reuters) – British Finance Minister Rishi Sunak will announce a local furlough scheme on Friday in which the government will subsidise two thirds of the wages of workers in pubs, restaurants and other businesses that are forced to close to stop the spread of the coronavirus, The Times newspaper reported bit.ly/33FH8yg.

“Employers will be able to access the scheme for as long as pubs, restaurants and other businesses are closed,” the newspaper’s deputy political editor, Steven Swinford, said on Twitter.

The Times quoted an unidentified minister as saying there was frustration in government at the failure of the Treasury to bring forward the measures sooner.

The Daily Mail newspaper reported earlier that Sunak was putting together a new support package for jobs in a furlough-style bailout for coronavirus hotspots

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UK Finance Minister Sunak to announce local furlough scheme on Friday – The Times

October 9, 2020
| No Comments
| finance

Adds COVID-19 background, remarks from minister cited by The Times

Oct 9 (Reuters) – British Finance Minister Rishi Sunak will announce a local furlough scheme on Friday in which the government will subsidise two thirds of the wages of workers in pubs, restaurants and other businesses that are forced to close to stop the spread of the coronavirus, The Times newspaper reported.

“Employers will be able to access the scheme for as long as pubs, restaurants and other businesses are closed,” the newspaper’s deputy political editor, Steven Swinford, said on Twitter.

The Times quoted an unidentified minister as saying there was frustration in government at the failure of the Treasury to bring forward the measures sooner.

The Daily Mail newspaper reported earlier that Sunak was putting together a new support package for jobs in a furlough-style bailout for coronavirus hotspots plunged into local lockdowns next week.

Britain has

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American, United to furlough 32,000 as time runs out on aid

October 1, 2020
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American Airlines and United Airlines say they will begin to furlough 32,000 employees after lawmakers and the White House failed to agree on a broad pandemic relief package that includes more federal aid for airlines.

American Airlines CEO Doug Parker said that if Washington comes up with a deal with $25 billion for airlines “over the next few days,” the company will reverse 19,000 furloughs set to begin Thursday and recall the workers.

United said the impasse forced it to furlough 13,000 workers. United said it told leaders in the Trump administration and Congress that if payroll aid is approved in the next few days, it too could undo the furloughs.


The moves by two of the nation’s four biggest airlines represent the first — and likely the largest part — of involuntary job cuts across the industry in coming days.

Airline employees and executives made 11th-hour appeals this week

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Airbus Weighs Two-Year Furlough in Production to Limit Job Cuts

September 27, 2020
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“Airbus faces an unprecedented crisis,” Fraty wrote, referring to an expert report on the economic situation presented to the work’s council on Thursday. “The prospects for resuming our activities are deeply uncertain.”

Airbus has pledged to slash 15,000 jobs across its operations, with France braced to absorb about one-third of those, as it grapples with an unprecedented industry slump that has seen almost all its airline customers postpone or switch orders.

Chief Executive Officer Guillaume Faury stepped up warnings over jobs this week, saying the situation had worsened and that carriers were in a more difficult situation after the summer holiday period than he had hoped.

The planemaker is seeking a majority agreement with staff that opens the way to furloughing and other tools that will lower the number of compulsory redundancies, Fraty wrote.

If approved, reduced working time would apply from Jan. 1, with partial unemployment prolonged for everyone

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