Fashion retailers seek govt support as many stare at insolvency; millions of jobs at risk, Retail News, ET Retail

New Delhi : Trend suppliers on Monday sought governing administration help to ease fund stream and to compensate for necessary bills like seller payments, rents and salaries, stating quite a few players stare at insolvency and restoration from Covid-19 will be a extended and arduous journey and with tens of millions of work at risk. As a outcome of the mandatory closure of retail outlets across India, the field is struggling with an imminent and massive economical crisis with main disruption, they reported.

“With the ongoing COVID-19 pandemic, the overall retail field is witnessing unsure and tough situations far more than ever. Receiving again on observe will be a extended and arduous journey as the way forward seems fluid with tens of millions of work at risk,” Benetton India Taking care of Director and CEO Sundeep Chugh advised .

In search of help from the governing administration, he reported the

Read More

AAP closes down: Global tech giants put media jobs at risk

The decline of Australia’s information wire services ought to act as a “wake-up call” to the devastating influence cashed-up world tech giants are having on media organisations in Australia, its chairman suggests.

His opinions arrive amid warnings there would be “more terrible news” except the govt acted to protect the sector.

Australian Affiliated Press this week uncovered it would near in June after 85 a long time in operation, putting 180 editorial work at risk.

media_digital cameraTeam Govt Company Affairs Policy and Governing administration Relations at News Corp Australia Campbell Reid and AAP Team Common Council Emma Cowdry. Image: AAP

The decline saw the Media Entertainment and Arts Alliance slam the Morrison Governing administration for failing to protect the essential services by acting on recommendations contained in an 18-thirty day period inquiry into electronic platforms.

AAP chairman Campbell Reid echoed the union’s sentiments on Wednesday, stating the influence of

Read More