Aussie workers given $1,000 ‘thank you’ payment | ASX Market Update

  • Jul 17, 2020 AEST
  • Team Kalkine

Staff at Bunnings are set to be handed up to $2,000 as a bonus payment for working during the coronavirus pandemic. The hardware giant has been inundated with desperate shoppers stocking up on supplies since the crisis began to escalate in March. At the height of the pandemic the company made a desperate plea for patience after staff repeatedly had to deal with 'disrespectful, impatient people'. To say thanks for their hard work, employees are being rewarded with cash. Full-time permanent staff will get up to $1,000, part-time staff and casual workers will receive an amount based on hours worked over the past six months. Store support centre staff will receive up to $500.

Prime Minister Scott Morrison is to pledge for an additional funding for the local film and television industry. The $400 million package is designed to entice more productions to shoot in Australia with the money going to an already existing support program. The investment is estimated to attract around $3 billion in foreign spending, and create 8,000 jobs a year for people in the struggling industry from actors to make-up artists and carpenters. The program will be spread over three years and is hoped to attract productions and an ongoing pipeline of work for the Australian entertainment sector.

Viva Leisure Limited (ASX:VVA) updated the market on status of the reopening of its facilities and stated that a total of 76 locations or ~94% of Viva Leisure facilities are open and operating. The company stated that locations other than Melbourne metro locations are operating. Melbourne metro locations account for just 4% of the entire membership portfolio of Viva Leisure. Moreover, VVA mentioned that membership has recovered to 98% of pre-COVID levels, and the current membership is 95,400. Post announcement VVA quoted at A$2.070 up by 5.076% at AEST 12:04PM.

#ASX #VVA #Ausbiz #Kalkine

 


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