A total of 32 companies have returned the government payout from the Job Support Scheme as of 9 May. The $35 million collected from the returns will be used for future JSS payouts. Some of these companies have also pledged to return future JSS payouts.
The Job Support Scheme was announced as part of the Budget by Deputy Prime Minister Heng Swee Keat. It was introduced to assist companies to pay their employees as businesses slump and slow down. It covers up to 75% of the first $4,600 of the employee’s salary.
Some of these companies that pledged to return the payouts include multi-national corporations, financial institutions and local establishments. Companies who are coping better than others should donate their payouts or return them as these companies have done. It shows tremendous sense of responsibility and shared community.
It is clear that these payouts and relief measure are aimed towards businesses which are suffering in this time and will help these businesses stay afloat and tide through. It is heartwarming to see that there are companies out there who are very clear on their moral deliverable and give back to our society and economy.