Money

Businesses laid off a quarter of employees, trimmed 18 percent pay during the lockdown, survey says

The survey showed that half of the companies’ business is financed by debt and as a result, they were unable to pay their employees as their cash flow dried up. Businesses laid off a quarter of employees, trimmed 18 percent pay during the lockdown, survey says
The hotel and restaurant industry appears to have laid off most of its employees during the lockdown period, followed by small and medium scale enterprises. POST FILE PHOTO
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Sangam Prasain
Published at : August 5, 2020
Updated at : August 6, 2020 08:10
Kathmandu

Sangam Prasain

Sangam Prasain is Business Editor at The Kathmandu Post, covering tourism, agriculture, mountaineering, aviation, infrastructure and other economic affairs. He joined The Kathmandu Post in October 2009.


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