furlough scheme

The furlough scheme is a government program designed to support employers and employees during periods of reduced business activity, such as economic downturns or crises. Under this scheme, the government temporarily covers a significant portion of an employee’s wages, allowing companies to retain staff without the financial burden of full salaries. Employees stay employed and can receive income, helping to preserve jobs and prevent layoffs. The scheme typically has specific eligibility requirements and conditions, and it is intended to provide economic stability and protect jobs during challenging times.