Government warned of 40,000 hospitality job losses
Unemployment will rise sharply among younger workers and in areas that depend on tourism trade
There will be an immediate loss of 40,000 jobs in the hospitality sector as it faces contraction that will continue into next year, the government has been warned.
A new industry analysis presented to government officials ahead of the budget, and seen by the Business Post, shows that 22 per cent of the 180,000 jobs in the drinks and hospitality sector will not return next year due to reduced demand from international tourists and other factors.
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