Business by Sophie Elsworth
Premium Content More than one in two small businesses are still suffering from significant cashflow issues and fears remain many will fold in the coming months after JobKeeper ends. New independent analysis recently compiled for Small Business Australia analysed the impacts of the pandemic on 600 operators from more than 25 sectors nationally. The SBA data found nearly all of the nation s 2.2 million small businesses, many had to either close or change the way they operated because of the pandemic. It also showed when JobKeeper support is turned off more than 488,000 staff will have to be let go, 224,000 businesses will have to move premises and 192,000 will have to sell their homes or assets.
Nearly 500,000 gone: Workers hit in JobKeeper cut-off
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Nearly 500,000 gone: Workers hit in JobKeeper cut-off
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Nearly 500,000 gone: Workers hit in JobKeeper cut-off
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Nearly 500,000 gone: Workers hit in JobKeeper cut-off
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