52% CEOs expect job losses: CII
Around 52 per cent of top corporate bosses in India anticipate ...
Around 52 per cent of top corporate bosses in India anticipate that job losses will occur after the nation-wide lockdown is lifted, according to a CII CEO Snap Poll. The survey found that 46 per cent of the CEOs do not expect job cuts while the rest 2 per cent are not sure.
“About 52 per cent of the CEOs anticipate job losses in their respective sectors post lockdown. 47 per cent of the firms expect upto 15 per cent job losses and another 32 per cent expected 15 to 30 per cent job losses,” said the CII survey. The survey, conducted electronically, saw a cross-country participation of close to 200 CEOs across sectors.
Further, the survey found that much of the inventory of companies is lying idle. “About 64 per cent (inventory) is expected to be cleared in less than 30 days. However, demand will not hold good for the next 30 days and beyond,” it said.