Portage and Waitakere Licensing Trusts apply for Government Wage Subsidy
Like most businesses in New Zealand, we have been impacted by COVID-19. Our average combined revenue has decreased by more than 40 percent for April 2020 when compared to the same period of 2019 (Portage Licensing Trust – 38 percent decrease; Waitakere Licensing Trust – 53 per cent decrease). Additionally, we’ve faced increased costs as we worked to keep our team members safe as they continued to serve West Auckland.
To help us meet the cost of supporting our team members, the Waitakere Licensing Trust and the Portage Licensing Trust are applying for the Government’s wage subsidy scheme.
Both Trusts are applying separately depending on the number of people employed by each Trust. West Auckland Licensing Trusts Services Ltd (WATS), which employs team members in our support office, will not be applying for the scheme.
The Trusts were fortunate to be able to continue trading through a reduced number of our retail stores throughout the COVID-19 lockdown period.
We made a commitment to pay all of our team their usual hours during level four and three, despite our hospitality venues being closed, and some stores not operating. As part of this, we redeployed some of our team members, but also provided for paid leave for those who were unable to work. We continued this practise through level three as well.
We are now operating closer to ‘normal’ in level two and plan to get as many team members as possible working safely. This includes redeploying some hospitality team members into our retail stores.
We expect that the flow-on effects of COVID-19 will impact our retail and hospitality venues for at least the rest of this year. Applying for the wage subsidy means we can continue to keep our hard-working team in their jobs and still provide essential funding to good causes in our local community.