On 8 April 2020, the Government announced an HK$80 billion Employment Support Scheme (“ESS“) to help employers retain employees and avoid redundancies. As discussed in Mayer Brown’s Update “COVID-19 – Government Support for Employers in Hong Kong” from yesterday, one of the key terms upon which the Government will provide wage subsidy is that participating employers will have to undertake not to implement redundancy. Whilst the precise terms are not known at this stage, this Update sheds more light on how the Government envisions ESS operating, based on recent remarks made by the Government official.
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The post The “No Redundancy” Undertaking Under the Employment Support Scheme in Hong Kong appeared first on COVID-19 Response Blog.