'Most Workers Don't Expect Govt Subsidies To Help'

"); jQuery("#212 h3").html("

"); });
2020-04-26 HKT 18:35
The Federation of Unions (FTU) says a survey of around 300 workers currently on unpaid leave shows most don’t expect to benefit from the government’s HK$80 billion wage subsidy scheme, and this underlines the need for a brand new initiative to help those suffering under the economic devastation of Covid-19.
Under the scheme, the government has promised to foot up to HK$9,000 per month in wages for all workers over six months – but only companies that promise not to sack staff will get these subsidies.
However, critics have been saying the scheme leaves out those who have already been sacked, or are put on no-pay leave.
Eighty percent of respondents to the FTU’s survey said they’re convinced they won’t personally benefit from the scheme. And only around one-third of them believe their bosses will actually give the money to their staff, and not sack workers anyway.
Former FTU lawmaker Bill Tang says the findings show there’s a lot of “mistrust” between employers and employees.
He says one possible way to ease such suspicions is for the government to make public all the details of the companies who end up getting subsidies, the workers they claim to employ, as well as they amount of money they’re receiving under the scheme.
“So not only the workers, but also the trade unions [would] know the details openly” to fully monitor the scheme, Tang explained.
The union also urged the government to immediately make it easier for people who’ve already lost their jobs to claim unemployment benefits under the Comprehensive Social Security Assistance (CSSA) scheme.
He said the FTU has found that the family members of many people who’ve lost their jobs aren’t willing to furnish all their financial information and their assets to the government as part of the application process.
“We must help the jobless, and those who’re barely earning anything on unpaid leave. But this must be done quickly. If you investigate this and that, and the whole family must be probed… you’ll end up investigating a corpse”, Tang warned.
He said the jobless should be allowed to apply for unemployment benefits as an individual, not as part of a family.
Hong Kong Stablecoins Bill Officially Passed, Set To Come Into Effect Later This Year
The Hong Kong government welcomed the Legislative Council’s passing of the Stablecoins Bill today, 21 May 2025. The b... Read more
From Fishermans Son To Fintech Founder: How CapBay Grew RM 6,000 To RM 4 Billion
What started as a RM6,000 loan funded out of their own pockets has grown into over RM4 billion disbursed to more than 2... Read more
Ping An Launches EagleX Global Version For Real-Time Climate Risk Insights
Ping An Insurance (Group) Company of China, Ltd, announced that its subsidiary, Ping An Property & Casualty Insuran... Read more
FWD Resubmits Hong Kong IPO Application Amid Market Recovery
FWD Group, an insurance company backed by billionaire Richard Li Tzar-kai, submitted a new application for an initial p... Read more
Hong Kong Police Crush HK$118M Crypto Laundering Ring, 500 Mule Accounts
In a fresh crackdown on crypto-related crime in Hong Kong, the Hong Kong police arrested 12 individuals for running a c... Read more
Adyen And JCB Launch Card-on-File Tokenisation To Boost Payment Security
Adyen and JCB Co., Ltd. have launched JCB’s card-on-file (COF) tokenisation service, designed to improve the securit... Read more