Going to a 3 or 4 day week may work as it continues to drive some income, and I'd most likely do this if the option was available, obviously at the end of this a lot of people will be looking for a new jobs and I'd rather not have to do that when unemployment levels are high. Going to zero hours helps no one.
In order to do that I just think there are options there, like I mentioned on the guaranteed superannuation payments, people need that money now, not in the future. For example, businesses pay around the attached %'s, salary (100%), super (9.5%), payroll tax (5%) and workcover (5%) so businesses largely pay around 120% of salary due to oncosts.
Lets say there is a move to a 3 day week, salary drops to 60% (big change for employee, if they can receive their super payments NOW, this increases that to around 70%. Businesses though get that full benefit and can reduce wage bills by 30-40%. Should they be able to get wage subsidies (which I think should be available) then they can reduce wage bills to lower than 50% and companies (particularly where skilled labour is required) will likely retain rather than remove staff. Between this and deferred / reduce rent payments (likely will need lease extensions) then companies that may have 2-3 months of available cash, may then be able to stretch that to 5-6 months which should ensure a lot of businesses that without this support from employees and the government would likely not be there in 6 months time.
