Skyline Enterprises has temporarily closed all of its New Zealand businesses with job losses expected across the company.
The Skyline Queenstown, Skyline Rotorua and Christchurch Casino businesses have closed, with the accommodation businesses in Dunedin and Queenstown to follow.
“This will involve job losses across the group,” Skyline chairwoman Jan Hunt said.
“This is to ensure we can ride out the current turbulent times and emerge on the other side as a strong and sustainable business for the future.”
The Government’s lockdown, alongside the continuing decline in demand for Skyline’s attractions and products, “unfortunately requires significant operational restructuring of our businesses, both here in New Zealand and offshore”, Hunt said.
“As most of you will be aware the New Zealand Government has announced it is moving the Covid-19 alert level to level 4 from Wednesday. At this heightened risk level, the requirement is for all non-essential New Zealand businesses to close.
“In line with this directive, we have temporarily closed. We also acknowledge and welcome the updates to the Government’s economic package announced at the same time including the removal of the previously announced $150,000 business cap.”
The offshore businesses in Korea and Singapore remained operational, although at reduced volume levels given the global disruption to travel and tourism.
“With regard to our major development projects we are looking closely at our contracted commitments with a view to putting a number on hold,” Hunt said.
“Skyline’s diverse portfolio and breadth of reach across different geographies mean we are strategically well placed to meet these challenges head-on and continue to set ourselves up for the future.”
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