Home / Knowledge / News / Nine-day fortnight job scheme expanded
Nine-day fortnight job scheme expanded
25
Apr '09
The nine-day fortnight job support scheme has been expanded by the government to include businesses with 50 to 100 workers. This scheme has been introduced after the jobs summit held in the month of February.

At the beginning, the scheme was applied to the businesses with more than 100 workers but it hadn't met with success. Altogether three big companies have signed up for the scheme, in the process, saving 117 jobs and another 60 companies are about to join the scheme.

Expansion of the scheme will include another 2000 firms into it along with 140,000 workers.

Experts informed that, following the discussions with employers and union since February's jobs summit, the scheme had been expanded as it has been realized that the businesses with 50-100 were also experiencing hard times.

Businesses having less than 50 employees would not be included into this scheme because this scheme is quite difficult to manage for small workplaces. Work is being done on the measures to help small firms and the announcements regarding that would be done further.

Under the scheme, the government pays $12.50 an hour per worker, for up to five hours a fortnight.

The scheme is mainly aimed at the businesses those are facing unfavorable conditions temporarily during current economic climate. The temporary reduction in hours helps employers to ride out adverse conditions and gives job security to the workers as well.

The experts said that the expansion of the scheme will not prove to be beneficial for every company but it can ease the payroll pressure on the firms affected by the financial meltdown.

Whereas, the Labour Party leader Phil Goff said that the scheme would not work for the thousands of people who were worried about their jobs. He further said that more than 90 percent of the businesses and 60 percent of the workforce are still ineligible for the scheme.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X