78% of construction companies reduced their staff and 10% more will do the same

78% of the construction companies in Cochabamba reduced their personnel as a result of the economic crisis and 10% more plan to do the same in the coming weeks, due to the financial crisis caused by the coronavirus pandemic and the debts to these companies by state agencies. The debts amount to 400 million bolivianos ($57.47 mn), which puts at risk more than 16 thousand direct jobs and 100 thousand indirect ones in the whole department.

Source: Los Tiempos