Can a company terminate an employee due to Covid - 19?

Yes,

In the absence of specific provisions adopted as a result of the COVID-19 outbreak, employers can terminate their employees.

Due to COVID-19, the hardest hits are established within the hospitality, retail industry, many restaurants, gyms, and many other businesses forced to  shut their doors temporarily or at least downscale their production and services drastically. Several business enterprises were being forced to reduce the wages of their workforce.