Companies Hit Pause Button As Coronavirus Infects Economy
March 19, 2020
5:13 pm
Layoffs, cutting costs and halting dividends… companies are scrambling to adapt as the coronavirus emergency hits demand and draconian measures taken to contain the illness undercut production and demand.
With the economic impact of COVID-19 threatening the survival of many firms, governments have pledged hundreds of billions to help them limp along — or failing that, to bankroll outright rescues or nationalisation if necessary.
Here are some measures companies have taken:
– Suspending production –
Several industrial giants, in particular in the automobile industry, have reduced or even suspended production.
America’s “Big Three” car makers — General Motors, Fiat Chrysler …
