Survey: 2/3 of Polish firms plan coronavirus-related job cuts
Photo by Shutterstock.com
Sixty-nine percent of companies interviewed by the Polish employers’ organization Lewiatan said they were planning redundancies in the coming two months, and more than 50% plan to dismiss between 20% and 50% of their staff, reported state news agency PAP.
Polish unemployment form. Photo by Shutterstock.com
The survey, which was carried out March 23-25, before the package of legislation to support companies during the slowdown was accepted by Parliament on Wednesday night, highlights the difficulties companies are facing.
Seventy percent of businesses said that government subsidies would be a decisive factor in limiting the scale of redundancies. Lewiatan surveyed 800 companies, of which 95% have felt the impact of the coronavirus epidemic and as many as 55% already say that it is very serious.
The worst situation is in small firms, of which 71% plan staff cuts, and medium-sized ones, of which 80% plan a reduction. In February, Poland’s unemployment was stable at 5.5%, PAP said.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
