Where to report non-payment of sick days and unsafe working conditions? – Telemundo New York (47)

The new coronavirus, officially called COVID-19, spreads from person to person through droplets of saliva ejected by coughing, sneezing and talking, according to the latest CDC findings.

The virus can also be spread by contacting a contaminated surface or object and then touching your mouth, nose, or eyes.

The Occupational Safety and Health Administration (OSHA) issued an updated guide for workplaces and employees to avoid exposure to the virus.

This is the information from the OSHA headquarters in the tri-state area:

Region 1- Boston Regional Office

(CT *, ME *, MA, NH, RI, VT *)

JFK Federal Building

25 New Sudbury Street, Room E340

Boston, MA 02203

(617) 565-9860 (617) 565-9827 Fax

Region 2- New York Regional Office

(NJ *, NY *, PR *, VI *)

Federal Building

201 Varick Street, Room 670

New York, NY 10014

(212) 337-2378 (212) 337-2371 Fax

FILE COMPLAINTS WITHOUT WANTING TO PAY DAYS OF ILLNESS

While OSHA ensures that workplaces are safe, it is the Department of Labor and state attorneys general that enforce sick day pay.

You can file a complaint for any of the following reasons:

  • If you are forced to work in a non-essential business.
  • You work in an essential business, but do not perform essential functions.
  • Your employer requires you to report to the place of employment when your job can be done from home.
  • Your employer does not follow health and safety requirements
  • You fear because you are over 70 and / or have an underlying disease.
  • Your employer has not paid you wages due for hours worked, sick leave, or time off.
  • Your employer threatens or has already fired you for reasons related to COVID-19.
  • You meet the requirements for COVID-19 Paid Sick Leave and your employer refuses to pay it
  • His employer forces him to work while he is sick.

NEW YORK

HERE you will find the form of the State Attorney to file a complaint for non-payment of sick days or any other related work matter.

You can also call 311 or visit the website of the work Department in Spanish for more information.

NEW JERSEY

HERE you will find the guide of sick days paid in Spanish.

In this link you will find the form in Spanish for unpaid wages.

You can send it by post to

New Jersey Department of Labor and Workforce Development

Division of Wage and Hour Compliance

P.O. Box 389

Trenton, NJ 08625-0389

Or by fax to (609) 695-1174.

You can also submit it online HERE.

For more information in Spanish open here

CONNECTICUT

You can file a complaint in Spanish and online HERE.

HERE You will find the guide in Spanish on paid sick days.

You can also call the Wage and Workplace Standards Division at (860) 263-6790 or the Program Policy Office at (860) 263-6755.

OSHA REQUIREMENTS

Employers of workers at increased risk of contagion should follow the following preventive measures, OSHA requires:

  • Assess the hazards to which workers may be exposed.
  • Assess the risk of exposure.
  • Select, implement, and ensure workers are taking protective measures to prevent exposure, including the use of physical barriers (face masks, latex gloves, face shield, coveralls) to stop the spread of
  • Germs
  • Limiting social contact and the use of appropriate personal protective equipment are required.

OSHA requires workplaces:

  • Encourage workers to stay home if they are sick.
  • Require workers to cover themselves when coughing or sneezing.
  • Provide a place to wash hands as well as hand wipes containing
  • minus 60% alcohol.
  • Limit access to the workplace to only essential personnel, if possible.
  • Establish flexibility for the workplace (work from home) and the
  • working hours (staggered work shifts) as soon as possible.
  • Discourage workers from using phones, desks, or other
  • tools and work equipment of your colleagues.
  • Frequently clean and disinfect surfaces, equipment and other items in the work environment.
  • Using cleaning chemicals with disinfectant labels approved by the Environmental Protection Agency (EPA).
  • Follow the manufacturer’s instructions for the use of all cleaning and disinfection products.
  • Encourage workers to voice any concerns about occupational safety and health.

FOLLOW EXISTING OSHA STANDARDS

Although there is no OSHA standard that specifically covers exposure to SARS-CoV-2, some requirements may apply to prevent exposure in the workplace. Among the most relevant are:

  • OSHA standards for respiratory protective equipment (PPE) (in general industry, 29 CFR 1910 Subpart I), which require the use of gloves, eye and face protection, and respiratory protection. CLICK HERE FOR MORE INFORMATION.
  • When masks are necessary to protect workers or when employers require their use, employers must implement a comprehensive protection program in accordance with the respiratory protection standard (29 CFR 1910.134). MORE HERE.
  • The General Duty Clause, Section 5 (a) (1) of the Occupational Safety and Health Act of 1970, 29 USC 654 (a) (1), requires employers to provide every worker with “a job and workplace that is free from recognized risks that are causing or are likely to cause death or serious physical harm. ” COMPLETE INFORMATION HERE.

CLASSIFYING WORKERS ‘EXPOSURE TO SARS-COV-2

Workers’ risk from occupational exposure to SARS-CoV-2, the virus that causes COVID-19, during an outbreak could range from very high risk to high, medium, or low (caution). The level of risk depends in part on the type of industry, the need for contact with less than 6 feet of people known or suspected to be infected with SARS-CoV-2, or the requirement for repeated or prolonged contact with people. known or suspected to be infected with SARS-CoV-2.

To help employers determine appropriate precautions, OSHA has divided job duties into four levels of risk exposure: very high, high, medium, and low.

The Occupational Risk Pyramid displays the four levels of risk exposure in the form of a pyramid to represent the likely distribution of risk. Most American workers are likely to be at low (precautionary) or medium exposure risk levels. MORE INFORMATION HERE.

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How will the free mask distribution in pharmacies in Istanbul be?

So how will free mask distribution be made in pharmacies? Who can get how many?

Participating in CNN TÜRK’s live broadcast, pharmacist Ezgi Hanım explained the details:

For two days already, patients have come and started to ask individually. “Is there a mask, who can get a mask?” This will be done as follows: Every citizen between the ages of 20 and 65 will receive a code on their mobile phone. They will come to the pharmacy with this code. We will process these codes into the system. And we will deliver these masks to our citizens with 5 masks in 10 days.

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Solarisbank wins with Otto as a customer

Pictures from days gone by: the Otto catalog

The offer can only be viewed online. The Solarisbank should take over the authentication check.


(Photo: dpa)

Berlin In the midst of the corona crisis, Solarisbank announces a new partnership: German fintech, which belongs to the Berlin Finleap universe, will in future take over the legitimacy check of traders at the online marketplace “Otto Market”.

“This is an exciting project for us. We see it as proof that the solution that we have built for the identification of business customers is relevant not only in the financial services sector, but also in the retail sector, for example, ”says the head of the Identity business unit at Solarisbank, Delia König, in one Interview with the Handelsblatt. “The Otto Group benefits from process savings. We can map high volumes and realize scaling effects, ”explains König.

With the marketplace, the Otto Group is pursuing ambitious goals. This became clear at a press event in early April. According to Robert Schlichter, head of partner management at Otto, the marketplace currently comprises around 500 partners.

“Due to the automated connection in the self-service, we expect at least 1,000 additional partners in 2020”, said Schlichter.

In the past, it sometimes took several weeks for retailers to sell their goods on the marketplace. Now it takes a maximum of two to three days, sometimes only two hours, for the registration formalities to be completed and the dealers to be able to take action.

The accounts of the marketplace traders are managed by Hanseatic Bank, an Otto subsidiary. “We really appreciate the combination of technology expertise and fully regulated institute at the Solarisbank,” says Hanseatic Bank Managing Director Detlef Zell. The project was “set up and implemented extremely quickly”.

Basically, the Solarisbank fulfills two essential tasks. First, it checks whether the interested dealers meet the criteria specified by Otto. On the other hand, the bank carries out a legitimacy check on the traders.

The so-called know-your-customer (KYC) process should ensure that the identities of the dealers are established and money laundering activities are prevented. The Bafin financial regulator pays particular attention to this area.

In particular, the focus is on compliance with the regulatory requirements that Solarisbank implements as an external service provider for Hanseatic Bank. After the traders have been identified, Solarisbank keeps their customers up to date on changes to data that can be seen in the commercial register, for example.

More: Fintechs: That could be the crisis winners and losers.

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the mistigri of rising transport costs

Transporters, manufacturers and distributors postpone the sharing of the additional cost.

Normally, a truck goes with food and returns with other goods. But since the shutdown of a large number of activities, carriers have returned empty and sought to share this additional cost.
Normally, a truck goes with food and returns with other goods. But since the shutdown of a large number of activities, carriers have returned empty and sought to share this additional cost. Philippe RENAULT / PHOTOPQR / WEST FRANCE / MAXPPP

A government-sponsored truce. Transporters, industrialists and distributors have been opposing each other for ten days to find out which of them would bear the additional cost deplored by transport companies since the beginning of the epidemic. At the heart of the debates: taking into account the cost of empty returns from carriers. Indeed, in normal times, a truck makes a first journey with food products and returns to its point of origin with another load, of auto parts or materials for the construction industry for example. But since the shutdown of a large number of activities, carriers are returning empty and seeking to share this additional cost with manufacturers.

This is what STEF, a freight forwarder, for example, tried to do unilaterally, causing outrage among the shippers. “The rate increases that some carriers wanted to impose reached 8%, despite the drop in the cost of diesel“, Specifies an industrialist.

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Car sales despite Corona: Volkswagen is looking for the internet star

Beijing Wang Qi would never have thought that he would one day be a moderator. Because, as the 29-year-old says of himself, he was actually a “normal car salesman” who started working in a FAW Volkswagen car shop in Baoding in northern China a year ago. But since February, Wang has stood in front of a cell phone camera every afternoon for at least two hours and speaks to around 1200 viewers of his live stream.

“I tell something about the models in the store, how you can change the windshield cleaning fluid, or how you can start the car, even if the battery in the electronic key is empty. Of course, he always wears a face mask. This is not just what management wants. “If I didn’t wear it, the audience would be confused,” he explains.

The corona crisis is still not over in China. When the epidemic raged in China in February, almost the entire country’s economy came to a standstill. Shops were closed and the streets were practically empty. The car industry also suffered severe slumps: According to the Chinese Car Association, the number of new cars sold in February fell by 80 percent compared to the previous year.

But while everyone had to sit at home, the boom in another industry was emerging: virtual shopping via live stream and short videos. Basically, that’s nothing new, reports Michael Mayer, China sales director at Volkswagen. Even before the virus, many Chinese customers were already getting information online and then processing the purchase in the store.

But the corona crisis has accelerated a trend around commercial live streaming, the value of which the financial services company Zhongtai Securities put in China in 2019 at 56 billion euros.

While live streaming is mostly common in the gaming and entertainment industry in Europe and North America, market research firm iiMedia estimates that more than half a billion people in China watched amateurs record their everyday lives on video for others. Half of them are particularly interested in shopping channels. 40 percent of them in turn had already bought goods in the first half of 2019 that were offered via live streaming.

50,000 car sellers attend digital course

And platforms such as Kuaishou and Douyin, Bytedance’s Chinese counterpart to the international version of the short video app TikTok, where live videos can also be offered in addition to short videos, experienced a boom during the forced quarantine. According to figures from the consulting firm Questmobile, their user numbers increased by 35 percent to 574 million during the Chinese New Year. While users only spent an average of 78 minutes a day on the apps in 2019, this year it was 105 minutes.

Alibaba’s live streaming platform was able to attract more than 43 percent new viewers during the extended Chinese New Year holidays alone, when most of the Chinese stayed at home due to the corona. In early April, Chinese internet star Luo Yonghao sold goods worth a total of 14 million euros within a three-hour live stream.

VW also tried to profit from the trend. In mid-February, the company offered its car sellers together with the “Taobao University” of the e-commerce giant Alibaba a course to improve sales with social media.
VW sales manager Mayer was surprised by the enthusiasm of the sellers. Almost everyone was ready to try it out. Around 50,000 car sellers from all over China took part in the eight-hour course.

Seller Wang also sat in front of his computer every evening and trained step by step to become an Internet star. How do you plan the shoot? What is important when filming? How do you design the videos?

Turn viewers into paying customers

After a discussion with colleagues, Wang’s store decided to focus on videos with advice. “Anyone who makes funny videos gets more viewers, but they don’t want to buy cars,” he explains. In market research, Mayer explains, VW found that viewers in particular asked for details about the product, had technical details explained, and wanted to compare different versions of the same model. In addition, you can address and inform a wider and younger audience on social media such as Kuaishou and Douyin.

But the biggest challenge is to turn viewers into paying customers. The platforms try to make the shopping experience as easy as possible by linking to the product page of the goods on Taobao or JD.com, but at the latest when making the transfer, consumers reach the upper limit of 10,000 renminbi, i.e. the equivalent of just under 1,300 euros , per transaction.

To remedy this, VW offers loan contracts online. As soon as the connection to the partner bank had been established via the platforms, the creditworthiness of the customer could be queried and payment initiated.
Of course, no digital offer can replace real experience, says Mayer. “In the end, customers want to feel and smell the car.” Of course, you can also book test drives online – here too, the number of users increases significantly.
It also helped that customers were able to receive digital advice. The so-called conversion rate is currently very high, says Mayer. This means the relationship between visitors who visit a car shop and then actually buy a car. “Many customers who come to us have already seen our livestreams and short videos,” says Wang, who giggles shyly when he talks about his female fans who are now faithfully following him on his livestream.

More: Bankruptcy threatens: Corona has its back against the wall because of Corona

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How sports brands try to save their dealers

Munich Amazon? No thanks! Christian Schneidermeier has been concentrating on specialist shops for years. The boss of the popular mountain sports specialist Ortovox consistently refuses to shop online. His highly functional clothing and avalanche transceiver are only available from specialists who offer proper advice.

Now the manager fears that many of the shopkeepers will have to give up because of the corona crisis. It would be a disaster if his distribution network collapsed overnight. Schneider Meier is therefore breaking new ground. He provides merchants with online vouchers that they can pass on to their customers. This is supposed to help people shop in the Ortovox internet store.

A quarter of the revenue then flows to the business owners. “We want to maintain the diversity of the small specialist retailers. That has always been our basis and should remain so, ”explains Schneidermeier.

Like Ortovox, many sports brands are trying to support retailers these days. With good reason: Thousands of shopkeepers fear for their existence because they hardly sell online, but their shops remain closed indefinitely.

The outdoor chain McTrek had to file for bankruptcy on Thursday. The branch operates 43 stores and employs 420 people. The sports brands are therefore afraid of future companies like Amazon or Zalando to be instructed.

Round table planned

The Sport 2000 dealer association is therefore trying these days to get shopkeepers and brands at one table. Managing director Markus Hupach emphasizes that it is about concluding a solidarity pact.

There is a lot to discuss: for example, the question of how the masses of items currently stacked in the warehouse can be dealt with with the lowest possible discounts.

There should also be talk about when new products will be launched. Because with every novelty, the shirts, shorts and shoes that are not yet sold are worth less. Sport 2000 invited leading running providers to the first conversation, among others Asics, Brooks, New Balance, On and Saucony.

Benedikt Böhm was one of the first in the industry to respond. The head of the Alpine equipment supplier Dynafit announced in March that the 2020 summer collection would also be available next year. He wants to prevent a price battle in the next few months. “This is a clear sign to the stores that our goods are not getting old,” emphasizes Böhm.

But the brands themselves are also under pressure. Because their own logistics centers are full, and the autumn collection will soon come from the factories in Asia. The dealers, on the other hand, cannot currently buy anything. You simply lack the money.

“We have agreed with almost everyone to first suspend the upcoming deliveries until our OK comes,” says Martin Kerner from the Karlsruhe outdoor specialists base camp. “They are forced to join in the hope that an OK will come.”

But that is by no means certain. Because nobody in the industry knows whether customers will buy again as soon as the exit restrictions are lifted. Therefore Kerner is also careful and carefully thinks about what he has in store: “The last thing I want is no or the wrong goods when the shop is open again.”

Numerous sports brands now offer retailers long payment terms, sometimes up to five months. “It sounds good at first, but the day will come when you have to pay,” says Kerner.

70 percent less running shoes

But at the moment people are very unsettled. Since gyms and club sports are currently not an option, many people go jogging. Nonetheless, sales of running shoes in the US dropped 70 percent, according to the latest data from the NPD Group’s market researchers.

This doesn’t even include the recent worsening of the epidemic in America, just the week ending March 21. According to the NPD Group, business with sports equipment for young people has even declined by 90 percent, for example kick boots or baseball shoes. NPD analyst Matt Powell warns that the online stores could not even compensate for the shortfalls in local shops.

The picture in Germany is similar to that in the USA. “Business is still going on in online trading, but at different levels depending on the product group,” says Ortovox boss Schneidermeier. The sneaker manufacturer puma According to the Internet sales do not even reach ten percent of the usual revenue.

Brands like Puma or Adidas but are not as dependent on retailers as smaller labels. You run many of your own shops.

Even medium-sized companies like Ortovox do not have too much scope to stand by the merchants: “We support the dealers as much as possible. On the other hand, of course, we also have to pay our suppliers, ”says Schneidermeier.

Typically, the company leader would sit with dealers in May to discuss spring 2021 orders. Tailor Meier believes that this is currently not even an option.

Because of the crisis, the manager has meanwhile also adjusted the contracts with the dealers: temporarily, they can sell the Ortovox equipment on platforms such as Amazon. With all aversion to the Internet giant: At the moment the dealers can use every turnover, no matter where it comes from.

More: The big discount battle begins in retail.

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These are the top search terms on Amazon

Dusseldorf The lockdown in Germany limits people’s freedom of movement. Many try to make life during the corona crisis easier and more pleasant with a wide variety of articles and gadgets.

Since the virus arrived in Germany and the federal government has taken drastic measures that almost completely shut down everyday life in Germany, search interest on the online shopping site has changed Amazon noticeably.

If many of the following articles were far behind in the rankings in terms of search interest in front of Corona, the picture has visibly changed due to the new situation. The most searched inquiries now include items that were only a few weeks ago.

In the search queries, three interest categories stand out on Amazon: hygiene articles, home office products as well as entertainment and entertainment products.

The graphic shows the daily changing search terms on Amazon in development and the emerging categories. These are the current top search terms on the online retailer’s website:

Development of Amazon search terms during Corona

Hygiene requirements through Corona

The Germans stock up on a wide variety of hygiene products during the corona crisis and try to prevent infection with the corona virus. Inquiries are available under the current top search terms on Amazon in this area “Face mask”, “Disposable gloves” or the searches “Disinfectant hand” currently very popular.

Search behavior is also gradually differentiating here. The term “Respirator mask ffp3” is currently one of the most searched terms on Amazon, as people have of course also followed the serious developments in Italy in recent weeks. The standard Ffp3 describes the highest protection class for respirators.

For comparison: The search query was still at the beginning of March “Mouth protection mask” not to be found among the top inquiries. Within a few days, the number of requests increased extremely. This development can also be observed with disinfectants. Here the requests become more specific. So the search queries are gradually lined up “Sagrotan”, “Sterilium 500 ml” and “Disinfectant wipes” a.

Since the barber shops remain closed due to the ongoing restrictions, but the hair does not stop growing, many Germans are also looking for the term “Hair clipper”.

Durable food and toilet paper

Among the top inquiries is an article that is currently sold out in almost all drugstores and supermarkets. Germans are increasingly stocking up on this product via the Internet. We are talking about toilet paper. Also here: At the beginning of March the toilet paper was not among the top search queries, now it is in the upper ranks.

What is interesting about this development is that the term toilet paper can be found in various inquiries in the top search terms. Four of the ten most searched inquiries on the platform are currently used to obtain toilet paper. So is also intensified “Toilet paper”, “3-ply toilet paper” and “4-ply toilet paper” searched. Because even today toilet paper is very difficult to buy and sold out in most stores.

Food was also a sought-after commodity last month. In mid-March, when many products were sold out in shops due to hamster purchases, search queries skyrocketed “Noodles” and “Flour” at the online giant, but were then pushed out again after a short time, since the situation in the supermarkets was defused.

Technology for the home office

In addition to the increased interest in hygiene articles, the search queries on Amazon also reflect the current home office situation. This is how the terms stand “Headsets”, “Bluetooth headphones” and “Headphone” high in the course. In addition to the sound equipment, the Germans are also looking for the right webcam, for example for their professional appointments and conferences, or to keep in touch with family and friends in quarantine.

These gadgets make the home office and the general time at home more pleasant, because you can concentrate on the video and telephone conferences and communicate more comfortably with your colleagues or you can encapsulate yourself within your own four walls. In addition to the initially rather general inquiries in the development of search inquiries about headphones, it is becoming apparent that over time people are increasingly looking for special headphone models such as the AirPods from Apple search.

Entertainment and home entertainment

Entertainment and home entertainment articles are also very much in demand on Amazon. However, here are a few terms that would certainly not be among the top search terms on Amazon in quieter times. This includes, for example, the search queries “Puzzle 1000 pieces” or “Painting by Numbers Adults”. Many people seem to fall back on well-known classics for the hours at home.

With the entry of the increased home office and the closing of day-care centers, kindergartens and schools from mid-March, the search queries also changed here. The Germans were looking for, for example “Children’s craft set” to keep the little ones busy. Classic entertainment products are also currently arousing interest, for example the search term “Nintendo Switch”.

Development of search queries at Google

But this development is not only to be observed on Amazon. The search queries on Google show a very similar picture. The same product categories also show enormous growth rates here.

More: These are the largest online shops in Germany

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How Amazon acts against a strike leader

San Francisco It’s a small round in that AmazonChief Jeff Bezos is currently summoning his top key managers daily to discuss the effects of the corona crisis. Neither Smalls nor Bezos would have ever dreamed that it would be about warehouse worker Chris Smalls.

But now the management of the global online retailer knows the name of the ex-employee. Smalls organized a strike last week against what was believed to be many defective corona arrangements in its Amazon warehouse in New York and many others in the United States.

Amazon then threw him out, allegedly because his protest violated a 14-day quarantine requirement after a corona infection in his circle of colleagues. According to Amazon, three employees in the warehouse are infected with the corona virus, the protesting employees claim that there are at least ten.

“Getting active cost me my job,” Smalls said later in an interview. Since then, a battle of words has raged between Amazon and Smalls. A struggle that Amazon top management would like to wage: “It is not intelligent or eloquent,” said Amazon’s chief lawyer David Zapolsky, according to a transcript from Bezos, quoted in the “Vice News”. “If the press wants to focus on a conflict between us and him, we are in a much stronger position than when we explain how we protect our workers for the umpteenth time.”

Zapolsky then argues that Amazon should explain to the public in detail why Smalls acted “immorally” and “possibly illegally”. “Make him the most interesting part of history and, if possible, make him the face of the whole union movement.” According to the report, “general consent” of the other participants is noted in the minutes.

Zapolsky confirmed “Vice News” the authenticity of the quotes, but in his answer aims again at smalls. His comments were “personal and emotional”. He was frustrated that an employee was putting his colleagues’ health at risk.

The affair over the fired protest leader could hit Amazon’s reputation hard. It’s a story of how Americans love it. The underdog against the mega-group Amazon. A proverbial little man against one of the largest companies in the world. The fact that the man’s name is Smalls is all the more beautiful.

Masks and forehead thermometers

The fact is that the online merchant’s struggle with organizing workers goes back a long way before the corona crisis. A strike in his department stores is coming at a particularly bad time for Amazon. In contrast to many other companies, the online retailer is very busy. What can no longer be bought in stores is now ordered online. In many places, Amazon has become as essential as Swiss Post. The company plans to employ 100,000 new people for its warehouses and delivery services.

But as the number of orders explodes, the company struggles to fill all shifts in its warehouses. An employee in a warehouse in Charlotte told the Wall Street Journal that at times only half of the necessary staff was present. There is also a lack of masks or disinfectants to keep the risk of infection low.

As of next week, Amazon plans to distribute masks and measure fever to all employees in European and American warehouses. Anyone with the contactless forehead thermometer showing 38 degrees or more will be sent home. Smart cameras would check whether warehouse workers keep enough distance from each other.

The spread of the corona virus and that of worker dissatisfaction are related to Amazon: Walkouts have also taken place in warehouses in Chicago and the state of Michigan. An employee from Romulus, near Detroit, told tech portal The Verge that it was rumored that Amazon was not telling people about infection. “I understand that we cannot do without us. But we can’t do without our lives either. ”

Amazon is struggling to get out of the corona crisis with a better reputation than before. On the one hand, customers around the world are learning to fully appreciate their range and delivery service during the corona pandemic. Even US President Donald Trump, who enjoys living out his rivalry with Amazon boss Jeff Bezos, is now praising Amazon.

But the workers ‘protests give the company completely new political problems: Letitia James, the busy Attorney General of the State of New York, called Smalls’ dismissal “immoral and inhuman” and wants to examine measures against Amazon. New York City Mayor Bill de Blasio also wants the city’s Human Rights Commission to review the case.

More: Amazon supplies everyone who is stuck at home – and that supports the share.

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Distributions

Helaba

Like other financial institutions, the Landesbank Hessen-Thüringen is suspending the dividend payment for the time being.


(Photo: dpa)

Frankfurt An increasing number of banks are following the recommendation of the supervisory authorities and suspend distributions to their owners. The Landesbank Hessen-Thüringen (Helaba) is not paying a dividend for the time being. A Helaba spokesman said on request that the bank’s governing bodies would put off the decision until the fourth quarter of this year.

Just over a week ago, Helaba had said it was planning a distribution. It was a sum of 90 million euros. The Landesbank is majority owned by the savings banks in Hesse and Thuringia, and the two federal states are also responsible.

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Coronavirus Knocks Out Auto Distribution Sector and Suppliers

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Auto distribution runs through one of the worst moments in its history after the general break in the activity, manufacture and sale of cars and spare parts after declaring the state of alarm by the Government on March 14.

This situation, regardless of the health need to contain the spread of the coronavirus, has put the professional sector of car distribution on the ropes, since the health crisis has not only impacted civil society, but also the economy, on a small and large scale, with the downward revision of all major macroeconomic figures.

In the distribution sector, the situation is also catastrophic. The Spanish Association of Automotive Suppliers (Sernauto) expects auxiliary companies in the automotive industry to register a decrease in their turnover in the first quarter of this year of more than 20%, due to the coronavirus outbreak that has forced the suspension of the activity of the 17 vehicle manufacturing plants in Spain.

María Helena Antolin: “There is no time to lose. We must work from now on in the recovery of our industry ”

Sernauto has regretted that the production of automotive suppliers has been reduced by around 85% since the state of alarm was decreed, maintaining only that activity that is destined for markets that have not yet been closed, so it has highlighted the need to comply with certain international contracts and the revival of China.

According to his estimates, the recovery of activity “will not be immediate”, but will have a progressive start, especially linked to the reactivation and evolution of the main markets.

Maria Helena Antolin
Maria Helena Antolin

“We are particularly concerned about the billing falls expected in the second quarter, which we assume will be much higher. They will depend both on the duration of the alarm situation. as of recovery dynamics of production and market once finished. Some indicators suggest that it can take between 6 and 12 months to recover the pre-crisis income, “said the President of Sernauto, Maria Helena Antolin.

The directive has highlighted the need to “work from now” on the recovery of the industry after the health crisis, for which it has indicated that together with the Spanish Association of Manufacturers of Automobiles and Trucks (Anfac) and the Federation of Associations of Automotive dealers (Faconauto) are preparing a “crash plan” with measures to revive the sector, which will be presented to the government “soon”.

Business closed

To contain the spread of the coronavirus, hundreds of businesses have been forced to close their doors as they were not considered essential in the Royal Decree published by the Government, which has drastically reduced their income and has triggered an avalanche of temporary employment regulation files (ERTEs).

As far as the professional sector of car distribution is concerned, restrictions on mobility have forced dealers to close down, which has led them to massively accept this formula for temporary dismissal, according to employers Faconauto, who estimates that the adjustment measure will affect around 151,000 sales and repair professionals.

But not only dealerships, too manufacturers, rental companies and other actors in the automotive sector they have been forced to cease their activity, which has resulted in registrations falling by almost 70% in March, “a historic disaster”, according to the management of the dealers. In fact, with this data, vehicle sales are below the level of the worst months of the economic crisis.

During the alarm state, daily registrations stood at just 300 units a day. Starting from this figure and taking into account that distribution networks operate with a profitability of less than 1% on turnover, this situation logically supposes that the year is already lost, with the consequences that this will have on employment, according to Ganvam, the sellers association.

To this is added that, with the dealerships closed and the forecast of that the alarm state can continue for another two months, the falls in registrations can move in figures close to 90% during April and May, according to the dealers themselves.

This is an unexpected break in activity that has occurred precisely at a time when vehicle sales figures are not at their best, especially on the private channel. The reason, the uncertainty generated by the Administration’s accelerated commitment to the electrification of the park and the increasing mobility restrictions to combat the other great pandemic, pollution.

Recovering the level of sales prior to the arrival of the Covid-19 is possible and the first data from China show that Interest in buying a car has doubled after the pandemic. Now, confidence and revival need antidotes. This is also pointed out from Anfac, who insists on the importance of articulating a relaunch plan for the sector and purchase aid programs that focus not so much on introducing electrical technology but on something more real and necessary, such as the renovation of the park.

Meanwhile, not everything is standing in the sector. The dealers continue to offer minimal services maintenance for those vehicles that need assistance during the alarm state. Furthermore, although they have closed their physical spaces, they are still 100% open on the online channel, where some vertical automotive portals such as Autocassion Y AutoScout24 They have wanted to take a step forward by implementing an anti-crisis plan as an alternative for all those dealers and merchants who need to maximize the visibility of their stock and minimize investment to almost zero.

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