The American Chamber of Commerce in Ukraine (ACC) after a survey of 103 companies out of 633 of its members found that 41% continue to work fully, 50% work partially, while 29% of respondents transferred their business to other regions of Ukraine and 19% – abroad.
“After 50 days of the war: 41% of Ukraine member companies are fully operational, 50% continue to work partially. Some 29% of member companies have relocated within Ukraine, and 19% are relocated outside Ukraine. Some 15% of businesses had to close offices in some regions, 2% had to shut down totally,” the American Chamber of Commerce in Ukraine said in the latest Survey “Doing Business during War in Ukraine. Week 8” to show the current state of business and what changes and challenges organizations are going through.
“Some 103 CEOs and top managers of chamber member companies took part in the survey, conducted on April 11-18, 2022. Some 71% of the respondents are CEOs,” the report says.
“The ACC members were asked to identify what their companies were doing differently during the war to continue operations. 52% indicated they had to reshape business models, 40% – implemented cost-cutting efforts, 20% – launched new business directions or services. 17% – took projects from the parent offices in other countries, 13% – search for new clients outside Ukraine, 9% – search for financing in different countries. Unfortunately, 2% of members were forced to sell assets. Only 17% indicated they had no changes at all,” it says.
“72% of ACC Ukraine member companies continue to pay full salaries during the war and provide extra support. 16% pay full salary, 6% – partially reduced salary, 6% of businesses pay 50% of salary,” it reads.
“20% stated that their company’s plants/factories/facilities/storehouses/offices have minor damages, 3% have unrepairable damage, 3% are still under occupation, other 3% don’t have information yet. 57% of member companies had so far no damage during the war,” it says.
“ACC Ukraine member companies continue to provide support to the humanitarian drive. The most common ways of support are financial support (76%), volunteering drive within the companies’ employees (75%), providing in-kind goods (44%), providing services (41%), providing medicines (24%), providing protection means (17%),” according to the document.
“The most difficult question of the survey was about the safety and security of employees. 76% of respondents said that all of their companies’ employees are safe. Sadly, there were painful numbers also, with 14% of companies’ having instances of employees injured and 7% – having instances of employees killed,” it reads.
“87% of ACC member companies are ready to actively participate in Ukraine’s post-war economic rebuilding,” the report says.
“85% of business representatives support that companies following business ethics and ESG policies mustn’t work in the murderous pariah regime in Russia that continues to commit genocide and war crimes across Ukraine,” the ACC said.