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11 Aug 2020 19:32
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  •   Home > News > Business

    Words of warning for businesses relying on the wage subsidy

    Words of warning for businesses relying on the wage subsidy


    The subsidy extension will end about three weeks before the election - and businesses who can show a 40 per cent drop in revenue can qualify.

    However, Prime Minister Jacinda Ardern says we need to exit the wage subsidy at some point.

    She says if businesses are still seeing that kind of decline in revenue -- they need to start thinking about where their market is, pivot their business and start reorienting themselves.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     11 Aug: Fletcher Building says it's in a good spot to weather any more possible storms of Covid-19
     11 Aug: Fletcher Building expects a net earnings loss of 196-million dollars for the year to the end of June, mainly due to the impacts of Covid-19
     11 Aug: Don't wait for a trigger to seek financial advice
     10 Aug: A new report shows pokie gambling in New Zealand pubs and clubs, is costing the retail sector more than 400-million dollars a year
     10 Aug: More turbulence on the horizon for Kapiti Coast Airport, which is once again at threat of closure in the wake of Covid-19
     10 Aug: It might not be all bad for the South - when the Tiwai Point aluminium smelter closes
     09 Aug: Auckland's Watercare dams are still 25% below their usual storage levels for this time of the year
     Top Stories

    RUGBY RUGBY
    Scott Dixon's expecting a more sedate build-up to this year's Indy500 More...


    BUSINESS BUSINESS
    Fletcher Building says it's in a good spot to weather any more possible storms of Covid-19 More...



     Today's News

    Entertainment:
    Orlando Bloom says his relationship with Katy Perry has been a "rollercoaster of ups and downs" 19:01

    Cricket:
    Scott Dixon concedes it'll be weird preparing for a crowd-less Indy500 18:57

    Rugby League:
    The Warriors have made one change to the starting side that beat the Manly for their match against the Penrith 18:37

    Entertainment:
    Carole Baskin has blasted Cardi B and Megan Thee Stallion over their new music video 18:31

    Health & Safety:
    The Director General of Health has dismissed concerns about flu vaccine availability in New Zealand 18:07

    Entertainment:
    Conor McGregor is engaged 18:01

    Entertainment:
    Tara Palmer-Tomkinson's sister claims she has seen the late socialite's ghost twice since her death 17:31

    Rugby:
    Scott Dixon's expecting a more sedate build-up to this year's Indy500 17:27

    Entertainment:
    Nick Cannon will vote for Kanye West for US President 17:01

    Law and Order:
    Police have seized $1.6 million dollars in assets - and arrested six people across Hawke's Bay 16:57


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