The Reds caused great controversy on Saturday afternoon when they announced they were going to put 200 of their staff on the government's furlough scheme.
This meant that taxpayers, not them, will be paying 80% of those staff that were placed on the scheme. This is despite Liverpool owner John Henry being worth $2.6 billion and more than capable to continue paying his staff.
The decision led to great backlash, with Jamie Carragher among those who expressed their opposition to the decision.
Liverpool have clearly listened to the feedback and they have now decided to reverse their decision.
They made the announcement in a statement on Monday evening.
"We have consulted with a range of key stakeholders as part of a process aimed at achieving the best possible outcome for all concerned," chief executive officer Peter Moore wrote in a message to fans.
"A range of possible scenarios were considered, including but not restricted to: applying to the Coronavirus Job Retention Scheme, which pays 80 per cent of salary and guaranteeing the 20 per cent payment; applying to the Coronavirus Job Retention Scheme with a guarantee to reimburse monies received at a later date; and, thirdly, finding an alternative means to cover our furlough costs.
"It is as a direct result of this extensive consultation and our own internal deliberations at various levels throughout the club that we have opted to find alternative means despite our eligibility to apply for the Coronavirus Job Retention Scheme.
"We believe we came to the wrong conclusion last week to announce that we intended to apply to the Coronavirus Retention Scheme and furlough staff due to the suspension of the Premier League football calendar, and are truly sorry for that.
"Our intentions were, and still are, to ensure the entire workforce is given as much protection as possible from redundancy and/or loss of earnings during this unprecedented period."
Well done to Liverpool for listening to the feedback and coming to their senses.
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