What will happen when the CJRS ends?
However, with the end of the scheme fast approaching, more and more employers are having to consider the issue of redundancies. The unfortunate truth is if you cannot afford to pay your employees, you will need to terminate their employment.
It's estimated that the UK is likely to see around 450,000 redundancies this autumn alone, but this figure could exceed 735,000 if redundancy notifications continue to rise. The government has introduced a new Job Retention Bonus Scheme, which seeks to incentivise employers to hold off on redundancies.