Hoteliers poised to cut workforce by up to 40% in 'existential crisis'

Hoteliers poised to cut workforce by up to 40% in 'existential crisis'
Dan Brunskill
The New Zealand Hotel Owners' Association warns its members could lay off up to 40 percent of their staff as travel restrictions leave their accommodation empty.The industry group's members operate about 100 hotels and employ around 9,000 staff. Their occupancy levels are down 75 percent and hotels were facing the possibility of mass layoffs if economic conditions continue, executive director Amy Roben told BusinessDesk.The government's $150,000 cap on wage subsidies meant the $12.1 billion support package offered no comfort for big businesses....

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