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More than 427,000 workers now on wage subsidy scheme

More than 427,000 workers are now having their wages subsidised by the Government under the Temporary Wage Subsidy Scheme, according to the latest figures published by the Revenue Commissioners. 

More than 50,900 employers have registered for the TWSS with the Revenue Commissioners, who administer the scheme. Of those, 43,000 have already received subsidy payments. 

In total, the Government has paid out €712m under the scheme, including €61m in income tax refunds due during the same period.

Today alone, the Revenue Commissioners have generated payments worth over €60m.

The TWSS was commenced on 26 March and is scheduled to continue for 12 weeks to support firms during the Covid-19 emergency.

Its aim is to maintain the link between employers and employees, which it is hoped will make it easier and quicker to reboot firms when the emergency ends.

The wholesale and retail trade sector topped the TWSS subsidy claims league, accounting for 20.1% of employers, and 24.6% of eligible employees.

Construction businesses represented 16% of claimants, and 10.6% of subsidised workers. 

Accommodation and food services employers comprised 7.6% of TWSS applicants, accounting for 10.3% of the eligible employees. 

Dublin city and county between them account for over 32% of employers registering for the scheme, and for 43% of subsidised employees.

It said 59% of subsidised workers are male, while 41% are female.

Almost half of companies availing of the TWSS are claiming for fewer than five employees, with 25.1% receiving it in respect of three to five employees, and 24.4% claiming for one or two employees.

The figures show 16.5% of employers are claiming for six to nine employees, while a further 15.7% of employers are claiming for ten to 19 workers. 

However, firms with more than 100 employees eligible for the scheme account for over 28% of subsidised workers.

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