Factbox: Layoffs in corporate Australia, New Zealand as coronavirus crisis deepens


  • World
  • Thursday, 16 Apr 2020

FILE PHOTO: People walk on an almost empty pedestrian zone near the Sydney Opera House following the implementation of stricter social-distancing and self-isolation rules to limit the spread of the coronavirus disease (COVID-19) in Sydney, Australia, April 6, 2020. REUTERS/Loren Elliott/File Photo

(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.

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