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New crown pneumonia | Guo Zhenhua: Less than 10% of restaurants are profitable, expected to close after November 

2020-09-27T04:35:38.367Z


The new crown pneumonia epidemic is easing, but the labor market is still uncertain. Employer representative member Guo Zhenhua of the Labor Advisory Board stated in TVB’s "Clarify the Truth" today that if the epidemic continues again and the government does not have the third round of employment protection subsidies, the completion of employment after November may be severe. And the retail industry will be hit hardest. He said that under the current epidemic, less than 10% of the catering industry may still be profitable; and he is not optimistic about the situation during the new year. He believes that except for companies that have already thought of ways to change their business models, the rest may have to do some difficult things. Decided.


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Written by: Yuan Shu

2020-09-27 12:23

Last update date: 2020-09-27 12:23

The new crown pneumonia epidemic is easing, but the labor market is still uncertain.

Employer representative member Guo Zhenhua of the Labor Advisory Board stated in TVB’s "Clarify the Truth" today that if the epidemic continues again and the government does not have the third round of employment protection subsidies, the completion of employment after November may be severe. And the retail industry will be hit hardest.

He said that under the current epidemic, less than 10% of the catering industry may still be profitable; and he is not optimistic about the situation during the new year. He believes that except for companies that have already thought of ways to change their business models, the rest may have to do some difficult things. Decided.

Guo Zhenhua pointed out that in the past two rounds of the government’s employment protection plan, many beneficiary companies have been trying to change their business models. However, if the epidemic repeats, I believe that there will be no third round of employment protection after November, and the company’s closure may be affected. More severe, the retail and catering industries will be hit hardest.

He said that the epidemic continues and the government still implements a gathering restriction order. At present, less than 10% of the catering industry may still make money because of food delivery or low cost.

He said that although New Year's Eve is a peak season, unless companies think of some ways to change their operations, they can only make some difficult decisions.

Guo also said that after SARS in 2003, the mainland opened up and the economy immediately rebounded.

At present, the industry is still concerned about the Greater Bay Area, whether it can be helpful to carry out some safe economic activities while preventing the epidemic.

▼Reopening of premises and relaxation measures starting on September 25▼

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Source: hk1

All news articles on 2020-09-27

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