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Paris: The new Corona virus has hit entire sectors of the global economy, especially aviation, the automobile industry, distribution, energy and entertainment, as Disney announced the abolition of 28,000 jobs.
Layoff campaigns are only the visible part of the crisis, as the pandemic has damaged many small businesses and silently eliminated many vulnerable jobs.
Air transport sector
In May, two Latin American airlines, the Chilean-Brazilian “Latam” and the Colombian “Avianca”, placed themselves under the protection of the US bankruptcy law. Smaller companies such as “South African Airways” and “Commer” from South Africa, British “FlyBe” and the Austrian and French subsidiaries of LEVEL were closed.
After declaring its bankruptcy, a US company bought the Australian giant “Virgin Australia”.
Other airlines are still operating thanks to mass layoffs, such as the American companies, American Airlines (more than 41,000 employees), Delta Airlines (more than 40,000), United Airlines (up to 36,000) and German Lufthansa (up to 36,000). 22 thousand), “Air Canada” (at least 19 thousand), the British “British Airways” (12 thousand), “EasyJet” (4500), “Virgin Atlantic” (3150), “Air France” (7500) and the Australian “Qantas” (6000), Scandinavian “Scandinavian Airlines” (5000), Irish “Ryanair” (3250) and “Iceland Air” (2000).
American Airlines and United Airlines announced that they may lay off 19,000 and 13,000 additional employees, respectively, as of October 1, in the event that new government aid is not obtained.
To limit the damage, Germany has come to the aid of Lufthansa and Condor, France and the Netherlands to support Air France-KLM. Italy and Portugal have chosen to nationalize “Alitalia” and “TAP”.
With regard to aircraft manufacturing groups, Boeing intends to eliminate at least 16,000 jobs, Airbus 15,000 and Canadian Bombardier 2,500, while the American General Electric and British Rolls Royce companies will cancel 12600 and 9 each. Thousands of jobs. The French “Safran” group has canceled 10 thousand jobs in the world.
Several airports, including Paris, Copenhagen, Gatwick and Frankfurt, also announced layoffs. In the airport services sector, Swissport will cut more than 4,000 jobs in Britain.
In the tourism sector, TUI, the world’s first tour operator, will cut 8,000 jobs, and the hotel company Promier N will cut 6,000 jobs.
The announcement by “Renault” of the abolition of 15 thousand jobs and the bankruptcy of the American “Hertz” car rental group in North America revealed the depth of the crisis in the car industry.
These are not rare cases, as the German “BMW” group intends to cancel six thousand jobs, while “Nissan” has closed a factory that employs three thousand people in Barcelona. In Britain, more than six thousand jobs were announced to be abolished, especially for “Jaguar Land Rover”, “Aston Martin”, “Bentley” and “McLaren”.
“Volvo”, the Swedish car producer, has cut 4,100 jobs in the world and German “MAN” 9,500, including 3,500, due to the epidemic.
Among the equipment manufacturers, the French “Valeo” group announced the abolition of 12,000 jobs, and the German “Mala” and “Scheffler” groups canceled 7,600 and 4,400 jobs, respectively.
The virus dealt a knockout blow to many brands.
In Britain, the “Anto” group, which owns huge shopping malls, has declared bankruptcy, as has the British “Laura Ashley” group for clothing and a specialist in renting and buying household goods “Bright House”. The “Marks and Spencer” group cut 7,000 jobs, each of Debenhams supermarkets 2,500 and the “Travis Perkins” equipment group had 2,500 jobs.
In France, many brands in the apparel sector (La Halle, Andre, Nave Nave, Orchestra-Premaman …) were placed under judicial custody before they were bought back after reducing their size.
In Germany, Karstaad Koffhof will cut 6,000 jobs.
In the United States, major Stage Stores and the JC Penney and Jay Crowe Group have filed for bankruptcy. Estee Lauder cosmetics group plans to cut up to 2,000 jobs.
In the restaurant sector, the German “Fabiano” restaurant network declared bankruptcy, while the British “The Restaurant Group” restaurant network closed 125 restaurants, eliminating 3,000 jobs. And 5,000 jobs are now threatened by the fast-food group “SSB”.
The entertainment sector
In the entertainment sector, Disney announced the abolition of 28,000 jobs in the United States, and the American giant “MGM” 18,000 jobs.
The energy sector is also facing problems due to declining demand. And the “Schlumberger” giant oil services group based in Houston intends to cut 21,000 jobs, or a quarter of the number of workers in them. The British “BP” canceled 10,000 jobs and the British-Dutch “Shell” between 7 and 9 thousand jobs, and the British suppliers “Centrica” and “UFO” 5 thousand and 2,600 jobs, respectively. The “Diamond of Shore” Texas exploration group and the American Whiting Petroleum Corporation each filed for bankruptcy.