Trump Organization seeks bailout money from UK and Ireland

[babylonsister]

Trump Organization seeks bailout money from UK and Ireland
By Justine Coleman - 04/22/20 11:59 AM EDT


The Trump Organization is seeking bailout money from the United Kingdom and Ireland to help pay furloughed employees at its European golf properties during the coronavirus pandemic.

The company owned by President Trump is allowed to access government funding to pay most employees' salaries, but it’s unclear whether the organization would pay the balance of the salaries for furloughed workers, Bloomberg News reported Wednesday.

The Irish subsidy program provides companies with money to pay 70 percent of furloughed staff’s weekly take-home pay, with a cap, if they are on payroll. In the U.K., 80 percent of workers’ salaries is paid, capped at about $2,700.

A Trump Organization spokesperson said in a statement that it is doing "all that we can" to keep and support its staff.

"The job retention plan created by the UK Government has nothing to do with the Trump Organization and does not benefit the business --- it is solely about protecting people and their families who would otherwise be out of work," the spokesperson said. "We are anxiously awaiting the day that we receive approval from the government to reopen our doors and look forward to getting back to business.”

The $2.2 trillion coronavirus relief package signed into law last month by Trump prohibits the president’s company from receiving similar funding in the U.S.

more...

https://thehill.com/homenews/administration/494090-trump-organization-seeks-bailout-money-from-uk-and-ireland?fbclid=IwAR3im4sm-dbBMxIt263JQyGYQTud5aZd80e6cYudSoSfgHX_4Ft1vhd62dg&fbclid=IwAR1R1NArq_4-wXZZ5aOQ3VrpdF6YZNA02BDprnJR_Ew0iiUkwx_S6EyQGH8