Anonymous

30 Oct 2020

∙

What are your thoughts on Teo Heng KTV Is "Hanging On" in COVID-19? I mean I salute that they are still paying their employees, but with no income and draining reserves, this doesn't seem smart?

"We really underestimated this time, and so far we have spent over S$1 million. So if COVID-19 drags on, I don’t know if we can survive for another few months.
Once our reserves are empty, it really means that we have to close everything."

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Lee John

30 Oct 2020

Sometimes, financially smart decision may not always be the best decision. Have to also consider sentimentality, etc, when your employees have worked with you for years. The company got to where they are (before covid) was also with the help of these employees. Now when the company gets into trouble then want to kick them off?

Best way is to repurpose those rooms. Perhaps study room (exam season), or video conferencing place (esp with sound insulation), etc. Or a pay cut to prolong their life.

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