A survey by Western Australia’s (WA) peak industry body, Chamber of Commerce and Industry WA (CCIWA), has revealed that lockdowns in parts of the state have clobbered businesses, with the industry facing an estimated $245 million (US$186 million) in losses and forcing almost one in ten businesses in the affected areas to go under. The survey of 458 stakeholders from the WA business community found 9 percent were forced to shut down completely. While a further 22 percent said, it would only take one or two more lockdowns before they too were forced to close their doors. Businesses also reported that, on average, the four-day lockdown cost them close to $27,000 (US$20,200), tallying up to almost a quarter of a million dollars across the state. For small businesses, the average cost was $16,000 (US$12,000). “For WA’s small businesses, lockdowns mean losing the income their families rely on,” CCIWA Chief Economist Aaron …
WA Businesses Suffer $245M in Losses After 4-Day Lockdown, Industry Survey Shows
July 6, 2021
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