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Tag: axed

Aviation contractors axed jobs as U.S. delayed aid, House panel finds

CHICAGO (Reuters) – U.S. aviation contractors laid off thousands of workers due to delays in payroll aid from the U.S. Treasury that was meant to protect jobs, an investigation by a U.S. House of Representatives subcommittee found.

Under the Coronavirus Aid, Relief and Economic Security Act (CARES Act), companies in the aviation sector were granted funds to cover six months of their payroll as the COVID-19 pandemic prompted a precipitous decline in air travel.

The legislation banned any job cuts through September, and requires the U.S. Department of the Treasury to begin distributing funds to eligible companies within 10 days of the law’s approval on March 27.

But an investigation by the House Select Subcommittee on the Coronavirus Crisis found that top contractors did not receive the money until months later, resulting in more than 16,500 layoffs and furloughs at 15 companies, more than 15% of the aviation contractor workforce.

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HomeBuilder scheme providing $25,000 home renovation subsidies axed in the Budget

Revealed: The home renovation scheme quietly axed in the Budget just months after it was launched – so how long do YOU have?

  • HomeBuilder scheme providing $25,000 renovation grants was discontinued
  • The $688million program available to build new house worth up to $750,000
  • Grant was also available to renovate an existing home worth  up to $1.5million
  • Home First Loan Deposit Scheme instead extended to cover newly-built homes 

A controversial home construction scheme providing $25,000 renovation grants has been quietly axed in the Budget just four months after it was launched.

Treasurer Josh Frydenberg in June unveiled the $688million HomeBuilder program offering 27,000 subsidies in the hope this would support 140,000 jobs in the struggling construction sector.

Australians were able to claim $25,000 from taxpayers to build a new

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