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Trade Minister Mary Coughlan said the scheme would safeguard up to 27,400 vulnerable jobs, mostly in the productive sector of the economy.
The Employment Subsidy Scheme (Temporary) will provide a subsidy of €9,100 per employee over fifteen months to qualifying exporting enterprises in the manufacturing and/or internationally traded services sectors.
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Qualifying enterprises must be judged vulnerable in the current economic climate but viable in the medium to long term, with analysis co-ordinated by Enterprise Ireland, the Minister said.
"Not only will the scheme support the maintenance of vulnerable jobs, but it will help our economy retain its productive capacity and assist employers retain their labour, knowledge and skills-base, thereby supporting a faster return to sustainable growth," said Ms Couglan.
(PR/BMcc)
