Soaring energy prices, increasing raw material costs and rising wages and salaries are forcing small and medium-sized enterprises in Belgium to adopt various money-saving and cost-cutting measures, says a recent survey conducted by HR services provider SD Worx. Some of the cost-saving actions being contemplated or resorted to by the SMEs include staff layoffs and cutting production temporarily. Meanwhile, energy-saving measures like lowering the temperature in the office building, placing solar panels on the office roofs, decreasing the number of branch offices, moving offices, or allowing the staff to work from home are also being resorted to.
