"Businesses and their employees are typically working together to face the challenges in a cooperative way. For example, many businesses have expanded their working-from-home arrangements. There is no 'one size fits all' approach of course. Businesses of different sizes and in different industries are impacted in a variety of ways, and have different capacities to offer special assistance to their employees.
"Clearly businesses will do what they reasonably can to support their workforces, suppliers and customers through the period ahead but inevitably the longer this situation goes, the more stresses everyone concerned will be under.
"Ai Group is looking forward to the Government's announcement of its stimulus measures. COVID-19 has arrived at a time when the economic outlook has been deteriorating, business investment has disappointed and productivity growth has stalled and it is critical that measures to boost business investment should feature prominently in the Government's package," Mr Willox said.
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