Majority of SMEs restructuring, downsizing

“We also have to ensure that we can deliver our products during the MCO by changing our conventional multi-department workforce and consolidating it to a single department to deliver our products, ” shared Lumber Mart director Charles Lee.(pic)

PETALING JAYA: With businesses restarting their operations in stages in the coming days, small and medium enterprises (SMEs) are looking at various strategies to survive and sustain their business after the movement control order (MCO) period.

According to a recent survey by the SME Association of Malaysia, the majority of SMEs are expecting to restructure their businesses (28.78%) or downsize their operations (23.39%) to cope with the challenging times.