Private sector stakeholders are warning that there could be more layoffs on the horizon if the Government’s no-movement days continue. Former president of the Jamaica Chamber of Commerce (JCC) Larry Watson said retailers are feeling the pinch now more than ever with only two and a half days to secure as much sales as possible.
“The report we’re getting from our members is that the retail trade is suffering badly and if this continues you’re gonna start seeing layoffs because they just don’t have the kind of buffer. This thing has been going on for a long time and whereas some companies have been doing reasonably well…if lockdowns continue there will be layoffs. I think we’re going to see it when STATIN next report on GDP and the effect it has had on the economy,” Watson said.