Wage subsidies, new debt line keep Warehouse workers on full pay

Thu, 09 Apr 2020

Wage subsidies and new debt facilities are making it possible for The Warehouse Group to keep all its 11,000 employees on full pay throughout the covid-19 lockdown. The group said it had received almost $70 million in wage subsidies, deferred spending and added $150 million of debt facilities in order to cope with the new operating conditions. When the isolation period was announced, the group assured workers they would receive their regular income in full during the four weeks. The company had initially expected to keep 90 "red sheds"...

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