Skanska UK has confirmed it will not return more than £4m of cash claimed for furloughed workers, despite paying its parent company £32m to reward private investors.
Its recently published accounts for the year to 31 December 2020 revealed the firm claimed just over £4m from the Coronavirus Job Retention Scheme, which pays up to 80 per cent of the salary of furloughed staff. The firm also paid £35m in dividends to its UK parent holding company off the back of its 2019 and 2020 results, when the company reported post-tax profit of £10.2m and £20.4m respectively. Of this, £32m was paid on to the ultimate parent company in Sweden, which paid out SEK3.92bn (£330m) in dividends to private investors.
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