Generous car retail businesses who promised to exceed the 80% salary funding cap of the Government’s Coronavirus Job Retention Scheme (CJRS) will face an increased financial burden if support is cut to 60%.
Stoneacre Motor Group's directors will forego their salaries after taking the decision to furlough 3,000 employees due to the COVID-19 coronavirus pandemic – vowing not to take a wage until the business “returns to profitability”.
The HMRC online portal allowing businesses to register employees for Government’s Coronavirus Job Retention Scheme (CRJS) is set to feel the strain when applications flood-in following its launch today (April 20).
Motorpoint chief executive Mark Carpenter has vowed to give-up his own income from the used car supermarket business in order to top-up the wages of ‘furloughed’ staff during the COVID-19 coronavirus lockdown.
Car retail staff will be among the UK employees whose commission-led monthly salaries will be detrimental to their income as “furloughed workers” as part of the Government’s Coronavirus Job Retention Scheme.
Coronavirus-prompted car dealership closures resulting from Prime Minister Boris Johnson’s lock-down of non-essential retail businesses will see ‘80% of car dealership employees’ placed on Government salary support.
With less than a month until the gender pay gap (GPG) reporting deadline, less than 15% of eligible organisations have published their results, with some experts predicting that a sizeable proportion will fail to make the early-April cut-off.
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