2 Oct 2020

Covid-19: Napier Port repays $2 million wage subsidy

From Morning Report, 6:38 am on 2 October 2020

Napier Port has repaid all of the Government Covid-19 subsidy it received - a decision it says was the right thing to do. The company has paid back just over $2 million of the wage subsidy it received.

This comes as there has been a spotlight on businesses who have collected the wage subsidy, only to later let go of staff and then post a profit.

During Wednesday night's leaders' debate, both the National leader Judith Collins and the Labour Leader Jacinda Ardern said it is morally wrong for businesses to collect the subsidy under these circumstances.

Judith Collins said she was prepared to make a law change to get money back from companies that didn't need it.

Napier Port chief executive, Todd Dawson, told RNZ reporter Jean Bell improved confidence in the port's future led to the decision.