Restoration Of Jobs Lost High On Agenda Of Economic Recovery Task Force

• Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the newly established COVID-19 Economic Recovery Task Force will be working assiduously to ensure the restoration of jobs lost as a result of the coronavirus (COVID-19) pandemic.
• The Minister said layoffs and job losses have occurred in a number of sectors and subsectors. These include tourism and attractions, the airline industry, entertainment, manufacturing, retail, security, entertainment, early childhood, and private education services.
• Of note, Dr. Clarke said data from the SET Cash applications suggest that more than 75 per cent of the applicants are under age 40, pointing out that these are “persons who are starting out in life [and] have obligations”.
• The Minister described this scenario as “very painful”, particularly in light of the significant level of job creation and reduction in unemployment occurring in recent years.

 (Source: JIS)