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Men's Weekly

By sacking staff and closing stores, big businesses like The Warehouse could hurt their own long-term interests

  • Written by Jonathan Baker, Lecturer in Business Strategy, Auckland University of Technology
By sacking staff and closing stores, big businesses like The Warehouse could hurt their own long-term interestswww.shutterstock.com

To paraphrase Winston Churchill, it is curious to see The Warehouse Group (TWG) not letting a good crisis go to waste.

Despite recently receiving NZ$68 million in government wage subsidies as a result of the COVID-19 lockdown, TWG has now proposed store closures and more than 1000 staff layoffs across its Warehouse, Noel...

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