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Lockdown impact on business

By 4 September 2020August 10th, 2021No Comments

The latest survey of business by the Auckland Business Chamber reflects the fragility of the business community and especially the SME sector.

The survey revealed overall:

29% of businesses are operating at 100%
26% of businesses are operating at 75%
21% of businesses are operating at 50%
Businesses employing 20 or more employees reflected a slightly better result with 42% operating at 100% and a further 40% operating at 50% or more.

Business have also used the lockdown to review the way they operate with 69% overall indicating they were in the process of restructures with 83% of these indicating the result of this restructuring would lead to less employees.

Chamber CEO, Michael Barnett noted this was a strong indication that more job losses are yet to come as well as possible business closures.

For more information contact Michael Barnett, mobile: 0275 631 150.
Michael Barnett, Chief Executive, Auckland Business Chamber.