Hong Kong’s No 2 official has warned there will be no further wage subsidies for businesses hit hard by the coronavirus pandemic even as unemployment woes deepen, with the city expecting a jump in infections on Saturday to 14.Chief Secretary Matthew Cheung Kin-chung said two tranches of wage subsidies under the Employment Support Scheme (ESS) had already stretched government spending, managing to keep the joblessness rate at 6.1 per cent.Warning that the worst of unemployment woes had yet to…
from South China Morning Post https://www.scmp.com/news/hong-kong/health-environment/article/3102202/covid-19-no-more-wage-subsidies-businesses-hong
Saturday, September 19, 2020
Covid-19: no more wage subsidies for businesses, Hong Kong’s No 2 says, even as unemployment woes rise, with city facing 14 new infections
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