On 18 May 2020, the Hong Kong government announced the
implementation details of the HK$81 billion Employment Support
Scheme (the "Scheme"), which will provide time-limited
financial support to employers in exchange for undertakings to
retain employees.
This article is the third in a series of publications on the
Scheme (view here for our previous article on the overview
of the second round of relief fund, and here for a summary of the Scheme as previously
announced).
Overview of the Scheme
The government will provide wage subsidies to eligible employers
who undertake not to implement redundancy during the subsidy
period; and to spend all the government wage subsidies on paying
wages to their employees.
