Czech firms expect slump in orders to continue but no mass layoffs for now -survey – Reuters

PRAGUE (Reuters) – A third of Czech companies expect orders to drop by 20-40% over the next two months as they continue to feel the impact of the coronavirus pandemic, although they are not yet planning massive layoffs, an Industry Confederation survey showed on Thursday. More than half of 135 companies across sectors that were…

Czech firms expect slump in orders to continue but no mass layoffs for now -survey – Reuters

PRAGUE (Reuters) – A third of Czech companies expect orders to drop by 20-40% over the next two months as they continue to feel the impact of the coronavirus pandemic, although they are not yet planning massive layoffs, an Industry Confederation survey showed on Thursday. More than half of 135 companies across sectors that were surveyed said they had seen orders drop by more than 20% since the pandemic hit the economy. A lockdown to contain the virus, introduced in mid-March has eased since May. However, the latest survey, taken at the end of June, paints a gloomier outlook than a similar survey in April, when only a fifth of companies said they expected orders to
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