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The scheme was extended for businesses impacted by public health restrictions in December 2021.
A suite of business support measures were agreed by Cabinet today.
Businesses have called for cuts to the Employment Wage Subsidy Scheme to be reversed amid mass cancellations over Covid fears.
The scheme is supporting 289,000 workers and 25,800 employers at cost of €414 million, as of last month, said Donohoe.
The Employment Wage Subsidy Scheme will be closed to new entrants in January.
The PUP will be closed off to new applicants from July as the country begins to emerge from the Covid pandemic.
Employment Wage Subsidy Scheme rates will also remain in place.
Labour’s Ged Nash has been contacted by a number of constituents over the bank’s approach to the employment wage subsidy scheme.
Some businesses could see the money provided to subsidise wages halve.
Paschal Donohoe has previously said that Revenue’s method for recouping the tax will “minismise financial hardship”.