Essential reading for retailers and suppliers in the home improvement market

AkzoNobel voluntarily returns full £2.8 million of UK government’s furlough funding

Published: 23 April 2021 - Neil Mead

AkzoNobel has voluntarily decided to return the full £2.8 million received through the UK government Coronavirus Job Retention Scheme (JRS), also known as furlough.

 

The emergency employment support scheme was set up by the UK government in 2020 to help businesses retain employees and avoid having to make redundancies due to the economic impact of the COVID-19 pandemic. The scheme covered 80% of a person’s salary up to a monthly capped amount.  

AkzoNobel primarily used these funds to protect jobs at its Dulux Decorator Centre stores, which the company opted to close for a short period in April 2020. The money was also used to help to furlough colleagues across its Vehicle Refinishes and other coatings businesses. This enabled AkzoNobel to react quickly to serve end market demand when it returned. The final JRS claims were made last summer.

Following the strong performance of the company’s UK Decorative Paints business over the last 12 months the company has decided to repay all furlough money received.

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...