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There are a lot of businesses, in my sector and others, that will simply disappear if this goes on much longer.
Most of those businesses are essentially sound in all but exceptional circumstances.
One option would be to lay staff off until things get back to normal. This is not something we are considering at the moment, but at some point it may be forced upon us.
If we could lay our staff off without penalty, and if they could get their rent and subsistence supported by the state while this shit goes down, we could mothball the business 'till say September, then get back down on it.
If we had to pay out redundancy packages to everyone - that would be game over.
The point I was making is that for many many businesses, the interests of the owners, and the interests of the employees are one and the same.
Jingle_Jangle-
I bet they are but there will certainly be lots of business owners and managers who will protect their own pay packet over that of the workers. The government should bail out the businesses similar to the banks but ensure the money goes to the workers.
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I’m struggling to see how it is equal. There seem far more benefits for the business owners than the workers.
I’m not suggesting bad intentions just that employers and employees have different needs.
But I do wish you all the best.
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GoatandTricycle
This will be a huge challenge. I really do wish you all the best. I myself am worried and in a fairly safe job.
I’m not sure how temporary redundancies would help both employers and employees? I’d be interested in your opinion.