This article considers a possible pathway to recovery which may never reach pre-Corona virus levels in the foreseeable future...
The 7 Stages to the New Normal - WIT
Prospects for contracts in these industries are doomed for "traditional" roles I think, apart from Compliance roles. For companies brave enough to rise to the challenges faced then there may be a contractor boom. Hard to predict who will be the big names in 5 years time, already big names have fallen (Monarch, FlyBe, Thomas Cook) prior to C-virus due to overcapacity in the market or poor business models, now more are falling fast (e.g. Germanwings) particularly as governments are reluctant to bail out/give loan guarantees until shareholders have dug deeper into the pockets (e.g. sold Necker Island).
The 7 Stages to the New Normal - WIT
Prospects for contracts in these industries are doomed for "traditional" roles I think, apart from Compliance roles. For companies brave enough to rise to the challenges faced then there may be a contractor boom. Hard to predict who will be the big names in 5 years time, already big names have fallen (Monarch, FlyBe, Thomas Cook) prior to C-virus due to overcapacity in the market or poor business models, now more are falling fast (e.g. Germanwings) particularly as governments are reluctant to bail out/give loan guarantees until shareholders have dug deeper into the pockets (e.g. sold Necker Island).
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