What impact will Mercedes-Benz, BMW and other car companies have suspended production and laid off employees? What impact will it have on the automotive industry?

The epidemic gradually appeared in other countries, which had a huge impact on the production industries of various countries. Due to insufficient raw materials, many companies began to suspend production and lay off employees. Now, car companies such as Mercedes-Benz and BMW have begun to suspend production and lay off employees, which has had a great impact on the automotive industry. These impacts are felt in all aspects, including car manufacturers, the market, and the entire automotive-related fields.

1. Impact on car factories

Mercedes-Benz and BMW are different from small businesses. They need to be responsible for their employees when they stop production. According to the current wage regulations, if the production stoppage is not caused by the employees' own problems, the company must pay a certain wage to the employees. When production is suspended for longer than the prescribed period, wages no less than the local minimum wage must be paid. In other words, during the suspension of production, the car factory still needs to pay a large amount of wages, which will cause great losses to the enterprise. Nowadays, various companies are laying off employees one after another to solve this problem. Under the influence of the epidemic, many companies have had to take some measures to get themselves through this crisis.

2. Impact on the market

Mercedes-Benz and BMW are car companies that people spread word of mouth, and they have a great status in the hearts of the people. Many people think that they can only be considered successful if they drive a Mercedes-Benz or a BMW. The market share of these two brands is also huge. But now all car companies are affected, so the entire car market will also shrink. If the supplier's materials cannot be manufactured, the car company cannot build a complete car, and the seller cannot sell it. The market is a whole. If there is a problem in one link, other links will also be affected. Moreover, a large number of people returning to work need to be quarantined, and it will take some time to resume production demand.

3. Automobile-related fields

Many countries import parts from other countries. Although the epidemic in China has been alleviated, it has become serious in other countries. stand up. There are many parts on the car, and if one part is missing, it will not be able to function properly. At this time, many companies have chosen to suspend production and lay off employees, which will have a huge impact on any automotive-related field. And those who are laid off will also have problems with their family income.