09 366 2220
Restructuring in a COVID World - What You Need To Know
Current upswing in revenue attributed to pent up demand from Level 4.
June quarter GDP could be down 19% - so decline in discretionary spending expected.
Employer has a right to restructure - financial losses not a pre-requisite.
Comprehensive written proposal is essential to communicate and justify the plan.
Consultation period can be short – the quality of engagement is important, not the duration.
Feedback is huge - affected employees want to retain jobs because few other opportunities.
Predetermination an issue – but final decision does not have to be different from the proposal.