The NSW government has boosted a payroll tax rebate for businesses that employ workers laid off in mass redundancies.
The initiative was announced on Tuesday by Premier Barry O’Farrell and Treasurer Mike Baird; explaining that the rebate will rise from $5,000 to $6,000 which would give businesses an extra incentive to hire laid-off workers.
The initiative comes as the latest job figures showed NSW’s relative strength in testing economic times but recent large-scale industry readjustments has left a number of workers without jobs.
Mr. O’Farrell stated that “any job loss is concerning, but it is particularly worrying when retrenchments cause significant disruption to a region, or when those jobs are in a specialised field where there are limited opportunities for re-employment”.
Read more →