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HKRMA Expects Over 5,600 Employees to Sacked in Next 6 Mths
Hong Kong Retail Management Association (HKRMA) conducted a survey regarding the impact of local social incidents on the retail industry. Overall, 97% companies have been suffering...
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HKRMA Expects Over 5,600 Employees to Sacked in Next 6 Mths
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2019/12/09 17:25
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Hong Kong Retail Management Association (HKRMA) conducted a survey regarding the impact of local social incidents on the retail industry. Overall, 97% companies have been suffering from losses since June, among which 33% and 57% viewed their losses were in medium and severe scale.

The data also revealed that 30% companies may resort to layoffs of around 10% staff on average in next six months if their operating environment has not improved or the companies have not received any appropriate support. Based on the 10% layoff, more than 5,600 employees may be sacked in next six months.

Moreover, 11% interviewed companies said they will end their business in six months.
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