{"id":37113,"date":"2021-01-14T00:41:10","date_gmt":"2021-01-13T14:41:10","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/geelongtimes\/?p=37113"},"modified":"2021-01-13T11:54:54","modified_gmt":"2021-01-13T01:54:54","slug":"cotton-on-group-jobkeeper","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/geelongtimes\/news\/cotton-on-group-jobkeeper\/","title":{"rendered":"Cotton On Group praises JobKeeper"},"content":{"rendered":"<p>JOBKEEPER kept the Cotton On Group going during 2020 and its chief executive officer says companies will have to adapt and respond quickly for the rest of 2021 when the wage subsidy ends.<\/p>\n<p>The group, which employs about 9,500 people in Australia, qualified for the fortnightly payments introduced by the Coalition as a response to the coronavirus pandemic.<\/p>\n<p>Speaking at the distribution centre in Avalon on Monday this week, Cotton On Group chief executive officer Peter Johnson said having access to JobKeeper was a confidence booster for not only Cotton On Group and its future planning but also its customers over the past 12 months.<\/p>\n<p>\u201cWe had periods where we had five stores in our group that were open; we closed almost 1,300 stores at one point in time,\u201d Mr Johnson said.<\/p>\n<p>\u201cIn Australia, we had all of our 650 stores closed at one point in time.<\/p>\n<p>\u201cSo to have the support of the federal government through that period was incredible, we couldn\u2019t be any more appreciative of the way they responded, the speed they responded, the openness about how they communicated through that period.\u201d<\/p>\n<p>He said Cotton Group was \u201cstill feeling conservative but optimistic around the next 12 months\u201d following the end of JobKeeper payments in about two months.<\/p>\n<p>\u201cBusiness as usual is what 2020 was, it was that you have to adapt, and you have to respond and you have to do it really quickly,\u201d Mr Johnson said.<\/p>\n<p>\u201cYou can\u2019t set long-term plans and you hope things will go your way, it won\u2019t.<\/p>\n<p>\u201cSo, \u2018business as usual\u2019 means that we\u2019ll continue to run this business like we did through 2020, which is respond, adapt and adjust.\u201d<\/p>\n<p>JobKeeper is set to end on March 28 and the federal Coalition has consistently emphasised the temporary nature of the subsidy &#8211; a point repeated by federal Treasurer Josh Frydenberg at Avalon on Monday &#8211; despite some calls for JobKeeper to continue.<\/p>\n<p>\u201cWell, you\u2019ve seen the same reports that I have, where some businesses have asked for an extension, others, as we\u2019ve heard from today, are seeing jobs coming back, and are seeing the customers coming back,\u201d Mr Frydenberg said.<\/p>\n<p>\u201cBut my job, as the Treasurer, is to put in place an economic plan which will create jobs, and which will save jobs, and which will get Australia to the other side of this crisis.<\/p>\n<p>\u201cAnd our economic plan is working, and you can see that in a whole range of numbers that have come out about the economy in recent months.\u201d<\/p>\n<p>Mr Frydenberg said $77 billion was \u201calready out the door\u201d on JobKeeper and the scheme supported some 3.6 million Australian workers in about one million businesses at its peak, but there were two million fewer workers and 450,000 fewer businesses on JobKeeper in October compared to September.<\/p>\n<p>He said the Morrison Government had several other support measures in place, including <a href=\"https:\/\/www.ato.gov.au\/General\/New-legislation\/The-Australian-Government-s-economic-response-to-coronavirus\/JobMaker-Hiring-Credit\/\">JobMaker<\/a>, tax cuts, infrastructure investments and investment incentives.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOBKEEPER kept the Cotton On Group going during 2020 and its chief executive officer says companies will have to adapt and respond quickly for the rest of 2021 when the wage subsidy ends. The group, which employs about 9,500 people in Australia, qualified for the fortnightly payments introduced by the Coalition as a response to [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/timesnewsgroup.com.au\/geelongtimes\/news\/cotton-on-group-jobkeeper\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":142,"featured_media":37114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[],"post_folder":[],"class_list":["post-37113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cotton On Group praises JobKeeper - Geelong Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/geelongtimes\/news\/cotton-on-group-jobkeeper\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cotton On Group praises JobKeeper - Geelong Times\" \/>\n<meta property=\"og:description\" content=\"JOBKEEPER kept the Cotton On Group going during 2020 and its chief executive officer says companies will have to adapt and respond quickly for the rest of 2021 when the wage subsidy ends. 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