The Federal Government will provide $298.5 million to support retrenched employees as part of the 2009-10 Budget.
Support will be provided in the form of career advice, skills assessments and skills development training with a referral to appropriate education and training, Meanwhile a $550 credit through the “Employment Pathway Fund” will assist retrenched employees in paying for items such as computer courses, heavy vehicle licenses, safety boots, work uniforms and other items directly helpful to gaining employment.
Retrenched employees, who previously would have waited three months to receive assistance, will now be able to access this immediately.
The government support will also tie Job Services Australia more closely with the Rudd Government’s $2 billion “Productivity Places Program”, which provides people with new skills and qualifications and a pathway to further training and employment.
The program will deliver 711,000 training places over five years including 319,000 places exclusively for job seekers.