Stuff has compiled a list of the high-profile redundancies and restructure proposals that have made news over the past two months – and there are warnings they are only the tip of the iceberg of a wave of job losses. “Reported job losses from large firms are still considerably lower than JobSeeker Support requests, and for many reported job losses, those jobs haven’t actually ceased yet - and so won’t show up in the JobSeeker numbers. Ricky Wilson/Stuff Many small businesses are quietly struggling and their job cuts won't make news, Brad Olsen says. We don’t know when bankers will come out of their shells and embrace lending again. On that basis I can’t yet see reason for believing other than that 42 per cent of job losses will come in the SME sector.”

Source: Stuff May 27, 2020 17:00 UTC