FMM: 63 pct of surveyed manufacturers may have to retrench workers

CORONAVIRUS | Some 63 percent of surveyed manufacturing firms say they may need to lay off workers amid an economic downturn brought about by the Covid-19 pandemic, according to a survey by the Federation of Malaysian Manufacturers (FMM).

"The impact on some companies is greater than others and some might have to resort to lay-offs/retrenchments....