A new version of the Wage Subsidiary Scheme was announced on the 5th of January 2021. This scheme is aimed at Businesses whose sales have dropped as a result of COVID-19.
Businesses which have performed better during these times of the pandemic or suffered a loss in sales of not more than 9% will no longer be eligible for the wage supplement.
Businesses which have suffered a drop of 55% or over in sales will continue to benefit from the full wage supplement, amounting to €800 per employee monthly.
Therefore, the remainder of businesses which do not fall within the previously mentioned categories will benefit from the following subsidiaries;
- Businesses with a sales drop between 45 and 54 percent will benefit from €640 per worker monthly;
- Businesses with a sales drop between 35 and 44 percent will benefit from €480 per worker monthly;
- Businesses with a sales drop between 25 and 34 percent will benefit from €320 per worker monthly;
- Businesses with a sales drop between 10 and 24 percent will benefit from €160 per worker monthly;
This scheme includes a new supplement known as Worker Substitution and thus if a business had to hire a new employee to replace a previous employee, such business will get the wage supplement for the new employee back dated to October. The business will be eligible for such worker substitution provided that the current number of workers does not exceed the number of workers which were in employment in May 2020.