The Chancellor, Rishi Sunak, has today announced that the coronavirus job retention scheme has been extended by one month.
The furlough scheme was due to end on 31 May 2020 but will now run until the end of June to continue to protect jobs across the country.
One of the reasons behind today’s announcement may be that many large businesses would have been due to start the 45-day collective consultation period today in order to comply with the rules on collective redundancy if they had been planning to make mass redundancies following the end of the furlough scheme on the original end date of 31 May 2020.
The scheme will continue to be monitored by the government to enable people to return to work as soon as it is safe to do so.
For further guidance on the coronavirus job retention scheme contact Backhouse Jones on 01254 828300.