Tue | Oct 24, 2017

SMEs report millions in losses due to chik-V

Published:Tuesday | October 21, 2014 | 7:04 PM

Livern Barrett, Gleaner Writer



KINGSTON, Jamaica:

The small- and medium-enterprise sector is reporting millions of dollars in losses arising from the outbreak of the Chikungunya virus(chik-V).




Industry players say the losses came as barbershops, restaurants and other self-employed persons afflicted with symptoms of the virus were forced to close down their operations for several days.



Global Outsourcing Solutions, one of the country’s leading business processing companies, says already 25 per cent of its employees have been affected by chik-V like symptoms, resulting in losses of more than US$20,000 or approximately $2.2 million.



The company’s Chief Executive Officer, Donovan Crump says for a small company, this is a significant loss.



Yanique Page, Managing Director of Future Service International, says the impact of the chik-V outbreak has been far greater on much smaller businesses, some of which have to close down their operations for several days.



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