Sharechat Logo

THL begins New Zealand Restructuring process

Tuesday 26th May 2020

Text too small?

THL advises that it has today commenced a consultation process across parts of its New Zealand business, with the intention of matching crew numbers to current activity levels and expectations for the coming months.

thl Chief Executive, Grant Webster, said, “the COVID-19 restrictions have had a material impact on our business globally. Our USA business made staffing changes in April and our Australian business is utilising the six-month JobKeeper subsidy and reviewing ongoing crew structures. In New Zealand, we have been seeking alternative revenue since the COVID-19 restrictions were implemented, whilst accessing the COVID-19 Wage Subsidy scheme to support our people.”

The consultation process, which begins today, will involve employees from Waitomo, Kiwi Experience and group support. Around 140 people are expected to be impacted by the proposed changes in these businesses. The response to our large-scale motorhome rental campaign in New Zealand launched yesterday has significantly exceeded expectations and our initial campaign goals. As a result, we are reviewing resourcing for our New Zealand Rentals and Sales business and any potential changes that may be required.

Our business has a clear and flexible roadmap to return to sustainable operations and earnings, as market conditions change, and will keep the market informed as each step is made.”

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Strong sales recovery but uncertainty remains over economic outlook and potential second wave of COVID-19
Auditors keep falling into the same trap
The great interruption continues
Update on Clutha Upper Waitaki Lines Project
Napier Port Welcomes Inland Port Funding
Auckland Airport provides details of Other Significant Items expected to impact 2020 financial results and an update on further organisational change
Commercial Bay Tower fire
Industre Property Joint Venture Commences
AFT Pharmaceuticals Share Purchase Plan Oversubscribed
Argosy: unconditional sale of 80 Springs Rd, Auckland

IRG See IRG research reports