AMSP: 90 % of family-owned cos. adopted measures due to crisis

(ČIA) In connection with the coronavirus crisis, a full 90 % of family-owned companies introduced some measures to reduce costs or increase earnings. This is based on a survey conducted by agency IPSOS for the Czech Association of Small and Medium-sized Enterprises and Trade License Holders (AMSP). Employees were laid off at 15 % of companies. One third of companies were able to negotiate a deferral of loan payments with their bank and one third also took advantage of one of the state programs (most often ANTIVIRUS, COVID I and COVID II). To overcome the crisis 66 % of family-owned companies had to use their savings or family assets.



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