KUALA LUMPUR, April 26 — More local corporates have started to implement austerity measures to enable them to sustain their operations during the partial lockdown imposed by the government to curb the Covid-19 pandemic. Aside from the pandemic, companies are seen to be cautious on other...
People shop for their essential goods at the Chow Kit market during the movement control order in Kuala Lumpur April 5, 2020. — Picture by Firdaus Latif
According to documents sighted by Bernama, Tan Chong Motor Holdings Bhd and Berjaya Corp Bhd have decided to implement austerity measures to protect the future well-being of the companies. According to the document, Tan Chong group president Datuk Tan Heng Chew said the group will review the measure periodically until the situation returns to normal, and additional measures might be announced to sustain the business if the situation is prolonged or worsen.
Tan said although government assistance has been given to small and medium-sized enterprises and some industries, the group, however, have not been able to leverage any of the assistance or support. The group has also required employees to take unpaid leaves or annual leaves on every Friday, from May 8-June 30, 2020.
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