Pedersen & Partners client partner and head of Asean and board services Reza Ghazali said many companies were still trying to maintain their staff headcount, despite the challenging business environment. He, however, cautioned that more firms would be forced to retrench workers if the impact from Covid-19 continues.
PETALING JAYA: More jobs are at stake, particularly low-income jobs, with the extension of the movement control order (MCO) due to the continuing coronavirus (Covid-19) pandemic.
Experts warn that businesses with weaker cash flow may introduce temporary pay cuts or lay off employees, especially such roles that could be replaced via automation and mechanisation.
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