As Israel's war on Lebanon continues, some of the country's companies are preparing to adopt austerity measures by the end of the year if the conflict persists, the Central News Agency reported on Thursday. 

Companies are hoping to operate fully during December’s holiday season, which they see as an opportunity to recoup losses from the severe downturn in business experienced since the onset of hostilities in September. 

Several sectors reported drastic declines in operations from September through November. Some, such as the conferences and exhibitions industry, reported near-total standstills. The car rental and import sectors have dropped by 2%, while the commercial sector, excluding essential items like food, cleaning products, and pharmaceuticals, fell by 10%. The industrial sector has also faced a 50% decline.

According to sources from the private business sector, if the conflict stretches into next year, companies may have to adopt tough measures, including reduced salaries, rotation systems for employees, or even layoffs in a bid to stay operational.

Certain businesses, particularly those in areas affected by Israeli shelling, have already shuttered, displacing employees who fled to safer regions. Many of these workers are not receiving pay, as the government continues to collect taxes and fees without granting any economic relief during this challenging period.