Tyman plc, the parent company of ERA, Zoo, Schlegel-Giesse, and Access360, has announced that it intends to pay back £2.3m received in 2020 under the UK Government’s Job Retention Scheme*. The payment will be made in full before year-end.
Darren Waters, Divisional CEO for Tyman UK and Ireland, explains the rationale behind this decision:
“During the second half, our businesses have benefited from the strong recovery in the residential and commercial markets and we are in the fortunate position where we are able to return this money. The Job Retention Scheme served its purpose in supporting us to preserve jobs through the uncertainty. Other sectors, including hospitality, leisure and retail, have been hit hard and need further Government support to get through this crisis. For Tyman, paying back the money is the right thing to do.”
*For employers, the government’s Job Retention Scheme allowed them to claim for some of their employees’ wages if they had put them on furlough or flexible furlough because of coronavirus.