March 16 (SeeNews) - As many as 74% of the managers of Romanian companies are considering lay-offs as their operations are impacted by the coronavirus outbreak, a survey by the Romanian Business Club, a local organisation of entrepreneurs, showed.
Some 40.5% of Romanian companies said they can maintain operations for up to a month on their own sources, while 35.5% expect to be able to stay afloat between three and six months if the crisis persists, a survey by Romanian Business Club published on Friday showed.
The survey polled representatives of 200 companies whose combined annual turnover exceeds 60 million euro.
Some 13% said they can maintain operations for just a week without support from the government.
Tax reliefs are considered a solution by 44% of companies, while 23% believe that the state could back them with funding.
Given the sudden nature of the coronavirus pandemic, only 30% of managers who took part in the survey said that they had a business strategy designed to help them overcome the crisis.
Romanian Business Club is an entrepreneurial community of over 1,150 companies.
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