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How will the latest gov stimus help FLT, page-42

  1. 13,697 Posts.
    lightbulb Created with Sketch. 8306
    Thanks pandakev.

    So, total Aus/NZ staff = 9856.

    @zebster
    Let's use some round numbers for some back-of-the-envelope estimates....

    A potential scenario:
    9000 staff
    Ramp down:
    4000 staff stood down now, assume average 2 weeks annual leave balance and leave taken first;
    Net benefit of govt package = $6m
    3000 more stood down in 1 month; again assume 2 weeks AL then taken;
    Net benefit of govt package = $13.5m
    2000 more stood down in 2 months:
    Net benefit of govt package = $15m
    Skeleton HO staff remaining.

    In this scenario, the total net $ benefit to the business from the govt package = circa $34m
    (potentially add $12m for the first 4000 ppl if say 4 weeks notice is required? = $46m total)

    Not "largely neutral" imo.....

    Another scenario:
    9000 staff
    Everyone gets 4 weeks notice NOW and then takes AL, assuming 2 weeks average AL accrued:
    Net benefit of govt package = $40.5m

    Again, not largely neutral by any means....

    Happy to hear other scenarios and various assumptions - These ones are by no means a forecast, just a basic framework to examine potential outcomes.
 
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