June 2020

Restructuring in a COVID World - What You Need To Know Expand article
Contract article

Key Themes

  • 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.
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