Q&A Second temporary aid scheme to maintain employment (NOW 2.0)
On 25 June 2020 the NOW 2.0 was published in the Staatscourant. On the basis of the NOW 2.0 employers with a loss of turnover of at least 20% may qualify for a subsidy (aid) up to 90% of the wage costs in the period from 1 June until and including 30 September 2020.
Employers must continue to pay the employees’ salaries in full during the period they receive aid. The NOW 2.0 is accessible to both employers who have applied for NOW 1.0 and those who have not. Although the NOW 2.0 builds on the NOW 1.0, a number of elements have been added or modified in the NOW 2.0. In this Q&A the principal elements of the NOW 2.0 are discussed.
Hermine VoûtePartner Attorney at law
P. Hermine E. Voûte, attorney at law, is chairwoman of the Employment & Benefits practice group. She has over 31 years’ all-round experience in employment law, with a particular focus on high-profile dismissals, restructurings and collective dismissals, and co-determination procedures.T: +31 20 578 59 75 E: email@example.com
Klaas WiersmaPartner Attorney at law
Klaas Wiersma, attorney at law, is a member of the Employment & Benefits practice group. He has over 19 years’ all-round experience in employment law, with a particular focus on the employment aspects of, mostly international, M&A-deals, co-determination procedures, restructurings and collective dismissals, and cross-border employment.T: +31 20 578 59 60 E: firstname.lastname@example.org
Maureen te PoelCounsel Attorney at law
Maureen te Poel, attorney at law, is a member of the Employment & Benefits practice group. She has over 21 years of experience as a lawyer, of which 8 years in the M&A department. The last 13 years she has been focusing on all-round employment law, with a particular focus on the employment aspects of M&A-deals and restructurings, co-determination procedures, remuneration structures and sector-specific regulations on remuneration.T: +31 20 578 54 64 E: email@example.com