Briscoe’s Duke expects to avoid job losses in tough 2020

Tue, 17 Mar 2020

Briscoe Group managing director Rod Duke doesn’t expect to announce job losses in what he anticipates will be a difficult year for retailers.Duke said the retailer’s strong balance sheet - $67.4 million in cash – will help it ride out the impact of the global pandemic that could drive up costs as staff take sick leave.“We can withstand a bit more pressure and uncertainty than many other retailers can,” he told BusinessDesk.Despite business confidence falling and banks starting to predict a recession, Duke doesn’t see job losses as being likely....

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