Australia wage subsidy expiry could see up to 150,000 jobs lost
Australia could see up to 150,000 positions lost when the government’s JobKeeper wage subsidy expires near the end of this month, Treasury Secretary Steven Kennedy said.
“We are continuing to closely monitor the situation in different sectors and do expect that the end of the JobKeeper program will lead to some businesses closing and jobs being lost," Kennedy said in his opening statement to a parliamentary panel in Canberra. “However, we remain confident that there will continue to be a broad-based recovery in the labor market over 2021."
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