BUSINESS REVENUE AND JOB RETENTION DURING COVID-19 CRISIS IN MANUFACTURING SECTOR IN SERBIA

Ivana MARINOVIC Matovic () and Andjela Lazarevic ()
Additional contact information
Ivana MARINOVIC Matovic: PUC Parking Service, Nis, Serbia
Andjela Lazarevic: University of Nis, Faculty of Mechanical Engineering, Nis, Serbia

Business Excellence and Management, 2021, vol. 11, issue 5, 113-128

Abstract: Manufacturing companies in the Republic of Serbia had to react quickly to the changed business conditions during Covid-19 crisis, in order to adjust their businesses, as well as working conditions to the new circumstances. Since most of the employees in these companies cannot work remotely, maintaining production processes was challenged due to the restrictions imposed by the state and decreased demand for their products. New dynamic environment influenced differently various segments of manufacturing companies’ businesses, which affected companies’ business revenue and number and structure of its employees. This paper investigates the impact of Covid-19 on the manufacturing companies’ business revenue, and subsequently their employees and job retention schemes. It further explores the possibilities of effective crisis management in the Republic of Serbia, as well as readiness of manufacturing companies’ employees and management to adapt to the new working environment caused by the Covid-19 pandemic, in order to lessen its impact on the companies’ performance and profitability.

Keywords: Crisis Management; Business Revenue; Job Retention; Manufacturing Companies; Covid-19 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://beman.ase.ro/special_issue_2/9.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rom:bemann:v:11:y:2021:i:5:p:113-128

Access Statistics for this article

Business Excellence and Management is currently edited by Zamfir Andreea

More articles in Business Excellence and Management from Faculty of Management, Academy of Economic Studies, Bucharest, Romania Contact information at EDIRC.
Bibliographic data for series maintained by Zamfir Andreea ().