As many as 250,000 businesses could be forced to lay off staff because they cannot contribute to wage bills as the taxpayer-backed furlough scheme is wound down, a bleak survey suggests. A quarter of the 1m companies relying on Rishi Sunak’s wage subsidies will be forced to make “difficult decisions” on layoffs […]
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Housebuilders lay foundations for recovery after pandemic brings market to a standstill
The surge in interest came as the Government eased restrictions on property viewings and valuations, allowing house buyers in England to visit estate agents or show homes for the first time since March. A reopening of the sector is a key part of the Prime Minister’s plans to jumpstart the […]
Coronavirus drives Indonesia’s Traveloka to lay off staff
JAKARTA — Travel booking service Traveloka, one of Indonesia’s most valuable startups, has been forced to lay off a significant portion of its staff, as the coronavirus outbreak saps demand for travel, two sources familiar with the matter told the Nikkei Asian Review. The cuts, which affected around 100 people […]