Coronavirus Layoffs: What Really Happens

Wage gap
Summary

  • Businesses around the world are facing liquidity problems. As a result, companies are using layoffs and unpaid leaves as solutions. The condition will likely continue for weeks, considering the Covid-19 pandemic does not seem to stop spreading anytime soon.
  • The economic crisis can potentially cause an unstable social condition since the level of unemployment and poverty is skyrocketing. The worsened social situation at the moment can create national political dynamics.
  • The pandemic also hits hard the primary source of the Indonesian economy, the household consumption, forcing the government to increase the social protection expenditure to keep the economy running. As a consequence, the government’s ability to spend money in other sectors, especially the capital expenditure, will decrease.

Start your free trial.

If you would like to get a 30-day free unlimited access to all of our insights, please click “Start free trial” button below. If you already have an account, please login.

What do subscribers receive?

As a subscriber, you’ll receive daily insights, weekly business digests, and monthly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Enjoy a 30-day free trial, on us. Feel free to contact us with any additional questions you have.