13-2-2020
Chow Tai Fook (CTF) will close more than 40 points of sale in Hong Kong and Macau amid coronavirus outbreak after announcing about 15 stores in Hong Kong will be shut starting April 1. Its remaining stores in the two cities will shorten operating hours and close by 19:00 local time until further notice.
80 percent of CTF’s mainland stores located in the affected regions have responded to the calls of local governments or shopping malls to suspend their operations temporarily while the majority of other stores have reduced their operating hours. The company has no plan to dismiss the staff. It will arrange for front-line staff to take their annual leave or work in other stores.
According to World Health Organization (WHO), the death toll caused by coronavirus in China has climbed above 1,000 and warned that the detection of a small number of cases may indicate more widespread transmission in other countries; in short, we may only be seeing the tip of the iceberg.