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Poll - Nearly one in two Malaysian manufacturers set for 30pc job cuts before 2020 is over

FMM In The News: MALAY MAIL, KUALA LUMPUR, Wednesday, August 19, 2020 - Close to half of the manufacturers polled in an industry survey will have released as many as three in 10 workers by December in a bid to mitigate the fallout from Covid-19.

As of July, 17 per cent of respondents have already reduced their headcount by between 10 and 30 per cent. 

The Federation of Malaysian Manufacturers said another 25 per cent of respondents in their survey expect to retrench up to a third of their staff by year-end.

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