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Two-thirds of manufacturers to lay off workers, survey reveals

FMM In The News: THE MALAYSIAN INSIGHT, Monday, April 20, 2020 - SOME 63% of manufacturers will resort to retrenching their staff to stay in business amid the Covid-19 pandemic, a survey by the Federation of Malaysian Manufacturers (FMM) revealed.

Of that figure, 47% said they would have to carry out cost-cutting measures within three to six months, according to the survey carried out from April 6 to 10, involving 319 respondents.

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