Why are there salary cuts in foreign trade, catering, tourism and other industries? Do you know the answer after analysis?

Affected by the COVID-19 epidemic, salary cuts are common across the country in 2020, and the ones most affected are probably foreign trade, training, catering, tourism and other industries!

Why do you say that? Let’s analyze them one by one. As for the foreign trade industry, affected by the global epidemic, many countries around the world have announced lockdowns to combat the epidemic. Then the foreign trade orders placed before this will definitely not be able to complete the logistics handover. This creates a situation where we can make the goods but the other party cannot receive the goods, which leads to the dilemma of order cancellation. Of course, this may only be a superficial reason. The underlying reason is that due to the impact of the epidemic, many people’s purchasing desire and purchasing power have declined. Therefore, the foreign trade industry will definitely be affected, and it is not difficult to understand why employees will have their salaries reduced.

The largest source of customers in the training industry itself is students. At present, schools across the country have resumed classes except for senior high school students and junior high school students who are about to face the graduation season. The remaining kindergartens, primary schools, first to second grade students, Classes for the first to second years of high school and universities have not yet started. The national educational institutions are not open, let alone these private or private training industries. The lack of students has become their biggest problem. At this time, let alone making profits, it is good to be able to pay the monthly rent and teacher's salary. Cutting salary is also a helpless choice.

Let’s talk about the catering industry. The main source of profit for this industry is customer flow. During the epidemic, the government called on people not to go out or have gatherings. With people going out less and gathering less, various catering shops have been greatly affected. Coupled with the epidemic situation, prices have increased. When passenger flow decreases and prices rise, corresponding store prices must also increase meal prices to meet their profit needs. If not, it is estimated that it will be difficult to even maintain capital. But once the price of food and beverages is too high, many people will feel that it is not as cost-effective as cooking at home.

Needless to say, the tourism industry. Since January, many travel platforms have been asked by customers to cancel various fees for group tours or individual tours, because many tourist attractions across the country and even the world have been closed. . According to a source, Ctrip Travel Network has been affected by the epidemic, and its executives have voluntarily cut their salaries, with the minimum salary reduced by half to support Ctrip in weathering this major crisis.