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Wage supplement tapering: Lesser hit companies to lose over two-thirds of government assistance
Wage supplement tapering: Lesser hit companies to lose over two-thirds of government assistance

Wage supplement tapering: Lesser hit companies to lose over two-thirds of government assistance

While the companies that were affected the most by the Covid-pandemic will continue to receive the full Covid-19 wage supplement, businesses in other categories will lose up to two-thirds of the amount they receive from the government. It was announced on Wednesday that the government will start tapering the Covid-19 wage supplement starting from August

Wage supplement tapering: Lesser hit companies to lose over two-thirds of govt assistance

Wage supplement tapering: Lesser hit companies to lose over two-thirds of govt assistance

While the companies that were affected the most by the Covid-pandemic will continue to receive the full Covid-19 wage supplement, businesses in other categories will lose up to two-thirds of the amount they receive from the government. It was announced on Wednesday that the government will start tapering the Covid-19 wage supplement starting from August

COVID wage supplements will start being reduced as of next week

COVID wage supplements will start being reduced as of next week

Wage supplements for businesses hit by the pandemic will be tapered between August and the end of the year, according to a presentation given to social partners this week. Sources told Times of Malta that the government plans to cut the different supplements down by as much as a third, across two phases starting next week and going on until the end

Wage supplement payments to gradually decrease for select companies

Wage supplement payments to gradually decrease for select companies

DOI - Pierre Sammut Companies benefitting from the government’s wage supplement scheme will start receiving smaller payments, eventually being weaned off the scheme. The scheme was introduced by the government through Malta Enterprise during the early stages of the COVID-19 pandemic and has cost the government about €500 million. Energy Minister Miriam

Malta Council for Economic and Social Development welcomes wage supplement tapering system

Malta Council for Economic and Social Development welcomes wage supplement tapering system

The news that businesses will continue to be assisted while the tapering of the wage supplement is introduced was welcomed by the Malta Council for Economic and Social Development (MCESD). Minister for Energy, Enterprise and Sustainable Development Miriam Dalli and Minister within the Office of the Prime Minister Carmelo Abela attended the MCESD meeting