Hong Kong set for 'worst ever' wave of layoffs, store closures


HONG KONG (Bloomberg): More than 5,600 retail jobs could be lost and thousands of stores shut down over the next six months, as pro-democracy protests in Hong Kong continue to disrupt sales during the crucial festive period.

About 30% of respondents in a survey by the Hong Kong Retail Management Association said they'll cut jobs while 43% said they can't continue to operate beyond six months.

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