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 Leeming and Warehouse Stationery brands.
The company joins the likes of Air New Zealand, Bunnings and Fletcher Building which have announced major cuts and closures.
While it is laudable to see TWG CEO Nick Grayston fronting as spokesperson for the move, it is disappointing to see management-speak alive and well in his explanations agile principles and changes to their footprint to improve productivity in an uncertain …
Read the full article at: https://theconversation.com/by-sacking-staff-and-closing-stores-big-businesses-like-the-warehouse-could-hurt-their-own-long-term-interests-140420