Bailout - Deal has been agreed upon.
Deal on the $2 Trillion Bailout package announced on the news 0300 Eastern as I sit here in New York City. Please post any information you can find relevant to your employer as you see fit. Good luck!
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Had a hard time finding links discussing this most recent turn of events on the package, I assume since it occurred in the middle of the night, but this supplies a few details:
https://www.google.com/amp/s/www.was...outputType=amp |
All loans or grants as well?
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I’m seeing the word loans a lot, not seeing any grants...
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https://www.marketwatch.com/story/se...?mod=home-page
One key thing I'm reading is the furlough protection "The measure also includes a major boost to unemployment insurance, allowing workers who are furloughed but not laid off to be paid their regular salaries for up to four months." |
Question is, does that now mean the possibility of immediate furloughs?
In the original aid package requested by the airlines, they stipulated no furloughs until September if they received the aid. Is that protection still there, plus the four months of pay, or are they now free to furlough at will? |
Originally Posted by AYLflyer
(Post 3010799)
https://www.marketwatch.com/story/se...?mod=home-page
One key thing I'm reading is the furlough protection "The measure also includes a major boost to unemployment insurance, allowing workers who are furloughed but not laid off to be paid their regular salaries for up to four months." Here’s to a speedy recovery... |
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CNBC saying grants, possible gov’t equity positions, I believe no layoffs for a specified period of time.
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Seems the grants are earmarked for worker pay.
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