The trust is one of the largest employers of minimum wage-workers in Invercargill with 650 employees across pay grades. While Ramsay knew the increase was coming and had prepared in advance, he could not deny the pressure it put on businesses like his. Theoretically, the trust s wage bill increased by $600,000 for every dollar increase it gave staff, he said. ILT businesses had already cut the costs it could have in other areas, Ramsay said. Te Anau Top 10 Holiday Park owner Brad Molloy is facing a similar challenge. The business has already gone through a round of redundancies in 2020 after border closures impacted visitor numbers.
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While all transactions were yet to be processed, forecast total sales for the first month of the year were down $717,000, or 10.1 per cent, on last year. Most of that was because of a 37 per cent lower liquor distribution into Queenstown and Central Otago, Ramsay said. Board members shared sorrowful comments about long-running Queenstown restaurants which had recently closed as a result of the pandemic, including the Fishbone Bar & Grill seafood restaurant this week. The trust’s January profit before tax and donations was $397,000, down $75,000 compared to 2020, which was a good result given the lower sales figures, Ramsay said. A three-day stretch in Covid-19 alert level 2 from February 14 had a negligible effect on trading, Ramsay said.