Layoffs in corporate Australia, New Zealand as coronavirus crisis deepens [Reuters]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
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Source: Reuters
Layoffs in corporate Australia, New Zealand as coronavirus crisis deepens (Reuters) - The coronavirus outbreak has virtually shut down corporate Australia and New Zealand, forcing companies to throw out their strategic plans and resulting in thousands of layoffs or staff suspensions. Listed companies in both the countries have already laid off or began considering laying off more than 100,000 people, temporarily or permanently, highlighting the toll on livelihoods as virtual shutdowns take hold. Ultimately, economists forecast the crisis will more than double unemployment to more than 11%, the highest in three decades. * Qantas Airways to place 20,000 workers on leave until at least the end of May. * Virgin Australia to stand down 8,000 employees until the end of May. * Air New Zealand to lay off nearly a third of its employees, about 3,500, in the coming months, and said that was a “conservative” assumption. * Star Entertainment Group says 90% of its workforce, or 9,000 people, will
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BHP
Sec Filings
- 2/17/26 - Form 6-K
- 2/17/26 - Form 6-K
- 2/17/26 - Form 6-K
- BHP's page on the SEC website