€2.7bn temporary wage subsidy scheme comes to an end

Minister for Finance Paschal Donohoe gives a press briefing at Government Buildings, Dublin.

The temporary wage subsidy scheme (TWSS) that has supported businesses impacted by Covid-19 restrictions since March closes on Monday and is to be replaced by the new employment wage subsidy scheme (EWSS).

More than €2.7bn has been given to 69,500 employers via the TWSS, covering more than 600,000 workers. The new EWSS will operate until the end of March 2021 and is expected to cost €2.25bn — €1.35bn in 2020 and €0.9bn in 2021.