Business
One in 10 businesses won’t survive after JobKeeper ends – NEWS.com.au
JobKeeper: PM warned 1 in 10 businesses won’t survive after support ends
Hundreds of zombie businesses have warned the government they will close their doors when the JobKeeper cash runs out.In a shock finding based on a survey run by the Australian Bureau of Statistics, one in ten companies currently securing the wage subsidy have revealed they plan to shut up shop when the wage subsidy runs out, forcing workers on to the unemployment queues.
The warning underlines fears that JobKeeper is propping up hundreds of “zombie” businesses that can no longer survive in the…
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