Thank you to the chair and the fellow members of the committee.
I am general manager of Victoria Co-operative Fisheries Ltd., located in northern Cape Breton. We're a fishermen's co-operative, 100% owned by the harvesters, and have been around since 1956. Our members harvest lobster, snow crab, groundfish on an annual basis. We, as others, have been significantly affected by COVID-19 issues, starting with our rush to acquire PPE equipment and the challenges with obtaining it, paying as high as six dollars Canadian for face masks from China, down to a dollar at the latter part of the month into April.
We look at some of the challenges we face or are currently facing. The new stabilization fund program was announced, similar to B.C.'s and others. With the program, I would say that for Nova Scotia, based on a proportional basis and $2.2 billion in exports, the amount of money available is certainly not going to do justice to us.
Secondly, under the stabilization fund, it's our understanding that in this federal program all the funds that we spent on disposable face masks are not eligible. Only reusable face shields, Lexan panels on equipment, and that type of equipment will be claimable. The $50,000 to $60,000 we spent in masks, going through two to three per day, is not eligible.
The CERB was extended, we understand today, for another eight weeks. We had an attrition rate of almost 40% with local workers—we believe a lot of it due to the CERB. Workers decided not to come to work, and we've even seen it in the past 24 hours since the announcement. That's provided a significant challenge to us.
We thank everybody in the government and all parties for putting these measures forward. The federal wage subsidy is extremely helpful. It's making a difference in a tough year. However, in meeting the 30%, you have a challenge in the fact that some companies want to ramp up, but they need the subsidy. If they ramp up too quickly, they're disqualified from the subsidy.
There was some reference by the Prime Minister to changing the percentage. I would recommend that it should be on some sort of a sliding scale. If you're at a 30% loss in revenue, maybe it's 75%. If it's 20% or something, you get a reduced percentage back. That would still be helpful, but we don't want to be a hindrance to companies ramping up and hiring more workers so we can get workers off the CERB and back into the workforce. That's a significant challenge.
Currently for our workers and the harvesters, the harvesters are averaging about a 40% reduction in revenues just based on the receiving price for their product. Just this past week with the issues in Beijing, and with the Chinese government looking at checking all shipments live or frozen into China, it's created challenges for us. For example, tomorrow 40,000 pounds of live lobsters to the U.S.A. are being cancelled. We had two shipments to China of frozen product cancelled because of the delays that are going to be faced. The Chinese government has to hold live product for 48 hours now to clear it from COVID-19, and there are similar additional checks on frozen products.
These are all challenges. It's clear that the biggest challenge we have right now, for everybody who sat in isolation or sat at home during COVID-19, is that we seriously need to improve Internet access all across Canada, in the rural communities. We're here on a phone and the Internet comes and goes like the wind. We have significant challenges with it. It's bad enough that I drive 20 kilometres and I have to stop at three locations. I can't use my cellphone because we don't have proper coverage. The Internet and Internet access is critical, more so than ever today than it was prior to this year.
We heard some comments earlier, as I listened in, on markets. Within Canada we're always trying to increase our markets and outside of Canada too, obviously in the U.S.A. and Asia.
We hope that things will open up to travel so we can get back to doing trade shows with our federal and provincial partners, where we get to meet our customers, which is critical. Whether we're selling in Canada, we're selling in Shanghai or we're selling in Hong Kong, it's critical to make those connections and those relationships. That's been severely limited due to the restrictions on travel. As I said, the Internet is more important than ever, but we just don't have proper access.
Thank you, Mr. Chair. I'll stop there.