InfoPro survey shows one third of companies cut salaries by 40 percent
A survey undertaken by InfoPro Research during the last week of November 2019 shows that ten percent of companies have temporarily or permanently ceased operations since October 17.
More than 160,000 people were laid off of their jobs.
One third of companies have reduced the salaries of their employees by 40 percent on average.
Sales have witnessed an average reduction of 66 percent. Mostly affected were companies in the services sector that lost 73 percent of their business on average.