100,000 retail workers on brink of furlough as consumption free-falls

30-Sep-2020 Intellasia | JakartaPost | 6:02 AM Print This Post

More than 100,000 workers in the retail industry face the risk of being furloughed as customers have been visiting rarely and spending little during the COVID-19 pandemic, associations have said. An internal survey by the Indonesian Shopping centre Tenants Association (Hippindo) revealed that retail sales from May to July were down about 80 percent from the pre-pandemic level. The association projected that lifestyle retailers would also post a 60 percent year-on-year (yoy) contraction in the third quarter. “Our current data [from 90 companies] show that around 100,000 employees may be furloughed,” Hippindo chair Budihardjo Iduansjah told reporters during an online press conference on Monday. In addition to the furloughed employees, around 1.5 million workers could face other financial perils, such as pay cuts and shift reduction if the pandemic continues to suppr…

https://www.thejakartapost.com/news/2020/09/29/100000-retail-workers-on-brink-of-furlough-as-consumption-free-falls.html

 


Category: Indonesia

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