Business
Millions of workers on JobKeeper are receiving a pay cut. Here’s what you need to know – SBS News
JobKeeper payments for millions of Australians are being wound back as the federal government adjusts its response to the economic fallout of the coronavirus pandemic.
The federal government is scaling back the size of JobKeeper payments despite vocal calls to extend the wage subsidy as Australia struggles through the coronavirus pandemic.
The $86 billion JobKeeper package was put in place six months ago, as employees faced massive job uncertainty and severe financial distress.
From Monday, the wage subsidy is being reduced from $1,500 a fortnight to $1,200 a fortnight for full-time workers.
It is being halved to $750 for part-time staff who worked less …
-
Noosa News21 hours agoSuncorp Stadium upgrades to rival Sydney as seat capacity and infrastructure prioritised
-
General14 hours agoAustralia Kangaroos lose Xavier Coates and Zac Lomax ahead of rugby league Ashes in England
-
Business23 hours agoDroneShield announces new $13 million counter-drone facility as employees top 400
-
General19 hours agoRescuers pull children from the rubble of Indonesian boarding school collapse