The impact of coronavirus on employment is expected to continue — and intensify — as cuts to the Federal Government’s JobKeeper scheme begin to be felt.
- Hundreds of thousands of Australians have lost their jobs during the pandemic
- Experts have recommended a series of basic steps to anyone who finds themselves
- Conversations with your boss, bank and landlord could be helpful going forward
Hundreds of thousands of Australian workers have already lost their jobs in the past few months, and the nation’s unemployment rate climbed to a two-decade high in July.
While JobKeeper has been credited with helping keep unemployment beneath double digits, reductions to the wage subsidy came into effect on Monday.
“JobKeeper has provided a lifeline to millions of Australians and tens of thousands of businesses,” said Professor John Spoehr, the director of Flinders University’s Australian Industrial Transformation Institute.
“Any winding down of that will lead to a number of companies making a decision to let their workers go.”
Sydney-based employment expert Natasha Hawker is predicting a wave of retrenchments as a result. “I believe it is going to be a bloodbath out there,” she said.
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