Most SMEs to restructure, downsize post-MCO, says survey
A total of 70% of SMEs surveyed say they had asked their employees to go on unpaid leave during the movement-control order period. – The Malaysian Insight file pic, May 2, 2020.
MOST small and medium enterprises are trying hard not to retrench workers and are planning to stay in business after the movement-control order period through wage cuts and downsizing, a survey released yesterday by SME Malaysia has found. The undated survey among 4,380 participants revealed only 39% of businesses said they had plans to lay off employees.
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