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

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

Related News Programmes

"); });

2020-04-26 HKT 18:35

Share this story

facebook

  • The FTU says the government needs to urgently push out a new unemployment assistance scheme allowing people who've lost their jobs to claim benefits as an individual, without the need to have their entire family's assets checked. Photo: RTHK

    The FTU says the government needs to urgently push out a new unemployment assistance scheme allowing people who've lost their jobs to claim benefits as an individual, without the need to have their entire family's assets checked. Photo: RTHK

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.

RECENT NEWS

Chinese Regulator Approves Citis Plan For Its Own Securities Firm

Citi has received approval from the China Securities Regulatory Commission (CSRC) to set up a wholly owned capital mark... Read more

HSBC RedCoin Debuts On PayMe With Wider Stablecoin Rollout Planned

HSBC has launched HSBC RedCoin, its first stablecoin, on the PayMe mobile payment app in Hong Kong. Denominated in Hong... Read more

Unlimit Joins Hong Kong Governments Strategic Enterprise Partners

Unlimit has signed a partnership agreement with the Hong Kong Government, which named the global financial infrastructu... Read more

Is Your Crypto Safe If Your Custodian Goes Bankrupt?

No institution moves into digital assets until it knows who will hold them and what happens to those assets if that cus... Read more

EleBank Opens First Physical Store In Hong Kong

Hong Kong digital bank EleBank has opened its first physical store in Causeway Bay as it expands beyond online banking ... Read more

Taiwan Blocks Grabs US$600 Million Foodpanda Acquisition

Taiwan’s Fair Trade Commission (FTC) has blocked Grab’s proposed US$600 million acquisition of Delivery Hero’s fo... Read more