A copy of the confession diary from Inventec’s employees, a unpaid fake knockout shot by Yi Geng’s chairman, Ye Xiufu. The small butterfly in the science and technology industry quivered with its wings, but it was a torrential storm that swept Taiwan’s industry, service industry, and financial industry.
Today, I was laid off! Even if there is psychological preparation, but when the competent right hand falls on his shoulders, his heart can not help but stop a beat. "Let's talk about it." At the same time as the supervisor speaks, the female colleagues in the office can no longer afford the low pressure that covers the office and sobbing.
The following screen is no different from the scenes often exhibited by TV. The supervisor said something plausible. People read aloud their rights and remuneration calculation methods. "Because the company's business is shrinking, people have to make simplifications. Measures ....." I was laid off, and in the fourth year after I entered Inventec as an engineer.
In the head of the crash, I repeatedly asked, "What have we done wrong? We are all serious about our hands. What we did wrong? It must be delayed."
In fact, the news of the company’s layoffs has spread from the beginning of October. The internal reports have been heated and the newspapers have written. However, the upper level has never acted and there has been no clarification or explanation. Some people couldn't help but they didn't want to live in such a fearful environment and chose to leave.
We waited and waited for the upper class to give us an explanation. One week or two weeks passed. We couldn't wait for a sentence and a supervisor at or above the vice president level explained to us. The last to wait was a "winning list." You will want to laugh. Inefec's inefficiency is also reflected in dealing with the list of layoffs. It has to wait for more than half a month before the list is drawn.
I really don't understand that in the four years of Inventec, I did not even make mistakes once. I did not take off my supervisor and threatened my supervisor. I did not raise my salary and asked for food and dedication. I went to the mainland on a business trip and stayed in the factory. Even when the girlfriends are gone, they have to sacrifice their lives for years. We used to trust the company so much that they finally fell to layoffs.
Perhaps fortunately, the 32-year-old, who was 32 years old this year, was paid for the first time. He realized that the big companies turned their faces as fast as reading books, instead of being like a colleague who was at retirement age and was betrayed by the company.
On the evening of leaving Inventec, I sat on the beach and was in a calm mood. Tonight I finally had a good night's sleep. I didn't have to worry about being laid off because I was already laid off by the company this day. Now.
A divorced employee was confessing that the facts and the prospects of the diary were far worse than expected. This was a diary of a confidant from Inventec’s employees. During an interview with Paul on this day, he pulled out his mouth and smiled: “I "We were laid off." Holding personal items brought home from the company, envelopes containing a five-dollar bill, and a box of cake meals, he suddenly did not know whether to give praise to Inventec’s compassionate staff or blame the industry. Leader of the Group, Ye Guoyi, is merciless.
"Five hundred yuan is the cost of returning taxis to the retired staff. The meal is the lunch of the day. Some people get meal vouchers. After eating this meal, we must leave the company. There was no difference in the last meal in the prison.†Paul wanted to marry the company that had just funded him, but he couldn’t speak. He announced the list of layoffs in the morning and asked you to pack and leave in the afternoon. Even wanting to roar makes Paul feel overwhelmed.
Paul was just one of Inventec's tightly-planned preparations. He suffered the same layoffs as he did, and Eric, who was in his midst.
Eric once thought that he would work at Inventec for a long time. He was in the Mobile Product Division (MBU) and was doing popular products||smart phones and tablet computers. It was still the chairman of Inventec Li Siqin. Business office. At the beginning of this year, a war against Apple's tablet computers was unveiled. MBU received a big list from HP's tablet computers. Inventec even took bets from Hewlett-Packard to push out other customers' orders, and made preparations to prepare for it.
Earlier this year, after the Lunar New Year, MBU began investing in HP’s first tablet computer. Overtime worked day and night. Those lucky enough to stay in Taiwan to work overtime, hard-working people, they got the Shanghai factory stationed in the production progress. It will be several months to go.
"All along, the MBU has no apparent profitability. So, when the company decided to bet on the HP Tablet PC, almost all of the colleagues were moving." The scene Eric spoke about, but it happened seven months ago, "At the time, Everyone is struggling to support the shipment of HP tablet computers. It is worthwhile to work overtime and sell livers.
In June of this year, the HP Tablet PCs shipped, but the shipping bonuses in circulation have never been seen; instead, it is the bad news that HP may withdraw from the PC business and tablet PCs will also stop production. Concomitantly, it is bad news that the MBU will be laid off.
"Actually, we are unacceptable psychologically. Why do the top management of the company make mistakes and the final bitter result has to be shouldered by the grass-roots workers? In the meantime, there was not a supervisor who left the company to step down. More than 80 of our MBU colleagues are It was smashed by 80%.†When it comes to excitement, Eric used the term “extinguishing village†to describe the horror of the department being abolished.
Eric and Paul both want to ask, "A profitable company needs to lay off its staff. What about Chi Meidian and AUO, who have lost billions of dollars every quarter?"
The scene turned to the bamboo branch on the other side. It should have been the workday on Tuesday (October 25th). The movie theater on the Far East Department Store in Hsinchu was crowded with people. This day was Taiwan’s Gwangbok Festival. Chi Mei Power and AUO were all unanimously magnified and faked. Employees who had no need for work would be on vacation. "In the past, it was a flexible vacation for the technology industry. Most of them had to go to work and take a rest again. However, now that capacity utilization is low, it is no wonder that Chi Mei Power and AUO Ning have a unified holiday and do not allow employees to take time off," said an industry source. In October alone, this type of multi-paying paid holiday will last for two days, including the 25th Sunlight Festival and the 31st anniversary of Chiang Kai-shek's birth. If plus the 10th National Day, the number of working days in October Immediately less three days.
"There are 15 companies who have taken paid leave in Zhuke. There are mostly semiconductor and optoelectronic industries." Du Qixiang, deputy director of the Bureau of Bamboo Science, declined to disclose the list of manufacturers. The so-called “paid leave†covers the annual leave, special leave, compensatory leave, and flexible vacation prescribed in the “Raoku Lawâ€. This is not only this year's vacation but also includes the next year. "If this year's holiday is not enough, it will naturally take time for us to go next year." A crystal engineer reluctantly stated. This bizarre phenomenon is due to the company's unwillingness to be labeled as a negative label for unpaid leave.
The four major industries have all spread the butterfly effect, and the impact is about to begin. Of course, there are paid holidays and the rest is naturally unpaid leave.
One, originally supposed to be celebrating the arrival of the holiday on Friday night, an e-mail from a LED factory's human resources department was sent to a research and development engineer's mail box. The letter was written in a straightforward manner and the engineer was asked to work every other week. Five days of automatic holiday breaks, "This is the so-called unpaid leave." Without any warning, the unpaid leave would knock on the door like this.
Nearly a month ago, the same happened to this engineer and it happened in the LED industry and the solar industry. Even some solar plant production lines have already shown half-downtime. DRAM, panel, solar energy, LED, and the four major industries in Taiwan are all in ink. “This year's peak season is already a definite fact.†Zheng Weishun, general manager of AUO, said slowly. The economy is not good. Everyone knows, but it is difficult. Is it when it is bad? No one has an answer.
However, the shock wave from the unpaid counterfeit industry in the technology industry is hitting other industries in succession. At the end of October, Jin Yiding, who was responsible for the recovery and disposal of waste from technology factories, was seldom working in the Hsinchu plant. They are at the very end of the entire supply chain of science and technology. If the increase in orders from equipment manufacturers is a leading indicator of prosperity, then the reduction in Jin Yiding’s performance in recycling scrap can be regarded as a backward indicator.
Not a few months ago during the peak season, Jin Yiding’s deputy financial vice president Yang Yuxin did not say, “In the first half of the year, even the employees in other departments have to jump to support the recovery of waste, and even need to hire one or twenty temporary workers to help out. "This scene is no longer seen now. Jin Yiding, who is in charge of on-site operations, associates with Wu Wenzhong, pointing to scrapped panel modules stacked in corners. He said that he had to deal with scrap panel modules and scraps two to three times in the past month; The use of capacity declines, and output is greatly reduced. Therefore, the waste also needs to be collected only once a month.
Indeed, the leading index's book-to-bill ratio for semiconductor equipment orders in North America fell to a new low in September and came to â—‹. Seventy-five, almost the lowest in two and a half years, and even the backward index of Jin Yiding, feel the economic downturn, unpaid leave will not be just science and technology factory's own business.
To further spread the volume of air cargo at the airport, the volume of air shipment of electronic products in August this year has dropped from 20,300 metric tons in August last year to 18,660 metric tons, far more than August 2009. The 19,180 metric tons of tsunami that had just ended was still low.
According to industry sources, in the past, in order to grab time for electronic products, panels, chips, and notebooks were used for air export, which accounted for 50% of total air cargo. Recently, due to the rapid freezing of the technology industry, the capacity utilization rate has not been high, and shipping has naturally followed. "Taking the camera maker Canon as an example, a high-profile announcement has been made in the past month to consider cost requirements. We must change all air shipment orders to the sea because orders are not in a hurry. This is also true for other technology products."
"The recent air cargo boom has been the worst case I have seen since I entered the airline industry." Zhang Guowei, general manager of Evergreen Airlines, shook his head because the downturn in the economy was not the only sign of this year's orders. Even order visibility was very high next year. low. The shock wave of the unpaid leave of a science and technology factory has hit the aviation industry that is highly associated with the shipment of technology.
The next wave of economic downturn is just spreading out.
The unpaid fake warning gift shops and taxis all felt that Halloween began to appear on the streets of Taipei in October. It was originally intended to welcome the gifts industry during the busy season, but they were unexpectedly laid back. Looking at the piles of gifts in front of me, there was a handful of gifts on hand. Miss Tang, who was in charge of the business of the technology factory, took them with him. "This wireless mouse, a 500-odd-yuan. Now, er ... (and then find another mouse), for this, there will be 250 yuan, but only 500."
In the past year, she knew that the panel maker's business was not good, but she always thought that it was a matter of the tech industry. It wasn’t her time to take unpaid leave. Until the orders were cut, and some of them were taken out directly. It was only shocked that the nightmare of the financial tsunami in 2008 was a comeback. "The business of the technology industry has always been difficult to do. The purchase price is only three months or six months. But it's usually a good deal, but now it is... oh!" Ms. Tang sighed and said with emotion.
The South Branch at the other end is not good either. As soon as we walked out of the Tainan High-speed Railway Station, a large taxi lined up with yellow oranges and oranges, the boom in the technology industry and the lack of business travelers made it even easier for taxi operators.
Xu Qinghui is the second-largest success taxi owner in South China Branch. It owns 200 vehicles and specializes in the business of South American giants such as Chi Meidian, UMC, TSMC, and Motech. However, speaking of his performance in the past three months, he also shook his head. Looking at the parking lot full of empty cars, waiting for business customers to come to the door, Xu Qinghui than anyone else anxious.
The depreciation and cash flow requirements of the car rental industry are large. Without business, there is no cash income, and he did not even dare to rest on Sundays. "Because I'm looking for money, I don't know how long it will last for this reason. The business has lost more than 30%. In July, it could earn 890,000 yuan. In October, there were only 60,000 to 700,000 yuan, even the Taiwanese team. It's not much better."
Taxi driver Xu Minghong also frowned: “In the past, every day I was able to earn $1,500 from a sports car, but now it’s less than $1,000, and for Chi Meidian’s guests, it’s possible to run ten miles in the past month. Now it’s only six miles. Even if the current situation is not as severe as in the financial tsunami in 1989, the nightmare is still lingering. "At that time, there was a drop of 90% in the number of guests. There was hardly any business, and many of our peers could not survive. Probably (near the financial tsunami situation) is not far away."
In addition to the car rental industry, the breakfast shop followed. Her mother's breakfast shop is located next to the entrance of Nanke Road. In order to facilitate the Nanke people's dining, she specially has a huge parking lot beside the breakfast shop. The business on weekdays is very good, and many Nanke office workers have started a day here. The beginning.
However, since the start of last month, there have been fewer cars passing through this road. In the past, the Chen Mom's Breakfast Shop, which used to be the sole business owner of Nanke Business, lost about 30% to 40% of the total. Plus, the news of unpaid leave jumped to the newspaper page. Her worries are all written on her face. "We are specializing in Nanke business. Once the Nanke people leave unpaid leave, they will not go this way. We are here again from the urban area and there are people in the area. It's very rare to spend here."
When you think that unpaid leave and layoffs are just a matter of technology, you are wrong. Once the annual contribution of Taiwan's GDP (gross domestic production) is at least 5% or more of the technology industry is injured, unpaid leave and layoffs will not be met only by the 600,000 people in the technology industry; the cold winter in the economy will be like a super earthquake, from the epicenter. The science and technology industry has spread like crickets and hit traditional industries, service industries, and financial industries.
If one day, the dual-D industry does not pay for it. . . . . .
AUO Deputy General Manager Zheng Weishun admits that in addition to the fact that there are no unpaid leave yet, all operating mechanisms have already drawn back to the response of the financial tsunami. “Every person in charge must jump to the cost of his own.†When it was long, one minute worth of money could not be thrown.
Not only that, AUO even set out all the cost reduction targets. “The reduction target for components in the fourth quarter is 2%.†AUO’s Chief Financial Officer Yang Benyu said that AUO will not expand new production capacity next year because cash must be used instead. In addition to research and development, it is necessary to maintain the improvement of daily operations and existing production capacity. AUO's executives above the rank or above are taking the lead in reducing wages by 5%. This is just the beginning.
"In the coming year, we will have to repay 43 billion yuan. There are about $45 billion or more in the amount of cash that can be transferred on the account." Yang Benyu explained each figure carefully. He must strengthen the confidence of investors and let them know that AUO has enough firewood to sustain this cold winter that is still in sight.
If you do not do this, investor confidence will soon collapse, and it will be sooner or later for the panel to follow the DRAM. Who can imagine that if one day, when the dual D (DRAM and panel) industry is still not available, it will be What terrible sight?
The answer is that the net asset value of five major financial assets such as South China Gold, Yushan Gold, First Gold, Mega Gold, and Taiwan New Gold will evaporate one-third of the money; the most frightening thing is that there are 11 Golden Bond loans in Guangdao. The amount of debt to the DRAM and panel industry was nearly 32 billion yuan.
Once the DRAM and panel makers have not yet paid, the domino effect is imminent. As a result, while the layoffs and unpaid leave were in place, the actions of the lending banks quietly began to quietly increase the odds ratio for bad loans. Some banks even had the psychological preparation for the money not to get back. Listed for bad debts.
The so-called "allocation of bad debts" refers to losses that have not occurred so far. The bank pre-determined the debts on the premise that the company may not have paid for the money, allowing the shareholders to have a good idea. However, it should be noted that this has not yet come true. It is only expected and guessed that the biggest difference from bad debts is that bad debts have actually occurred.
The butterfly effect sweeps across the four industries, and no one in finance can afford to stay outside. Taiwan’s new investment advisers have indicated that in the past, banks’ bad debts for normal lending were required to be deposited. Fives%. However, the downward trend in the economy has become a trend that cannot be violated globally. In mid-September, the FSC took up a policy of “sunnying and preventing Taiwan†and asked the bank to increase the provision for bad loans for normal lending. Five percent increase to one percent. For example, Taipei’s Fubon Bank raised eight in September. Eighty billion yuan, even the First Bank, at the end of September, made a 100% loan to ProMOS Moore for bad debts.
The decline of DRAM has been difficult to regain, especially on the dying edge of Mao De. It is undoubtedly the first shot of the banking industry. This year, the bank’s primary solution is to allow Moody's repayment. Next year is Powerchip. Next is the panel, solar energy, and LED industry. With less support from the four major industries, can Taiwan’s technology islands survive over the winter?
The unpaid leave and layoffs in the science and technology industry are like a small butterfly. Its slight quivering its wings represents not only the beauty and mourning of 600,000 people. It hurts the storms that may be brought, and it will sweep and transport. Industry, traditional industries, service industry, and financial industry will no longer be able to stay out of business.
According to statistics from the 21,500-person Taiwan Electronic and Electrical Information Industry Workers Union, 21,500 people were on unpaid leave days ago, and only 2,801 people were released by the Labor Council of the Executive Yuan. There was a significant drop in statistics between government agencies and private organizations.
Today, I was laid off! Even if there is psychological preparation, but when the competent right hand falls on his shoulders, his heart can not help but stop a beat. "Let's talk about it." At the same time as the supervisor speaks, the female colleagues in the office can no longer afford the low pressure that covers the office and sobbing.
The following screen is no different from the scenes often exhibited by TV. The supervisor said something plausible. People read aloud their rights and remuneration calculation methods. "Because the company's business is shrinking, people have to make simplifications. Measures ....." I was laid off, and in the fourth year after I entered Inventec as an engineer.
In the head of the crash, I repeatedly asked, "What have we done wrong? We are all serious about our hands. What we did wrong? It must be delayed."
In fact, the news of the company’s layoffs has spread from the beginning of October. The internal reports have been heated and the newspapers have written. However, the upper level has never acted and there has been no clarification or explanation. Some people couldn't help but they didn't want to live in such a fearful environment and chose to leave.
We waited and waited for the upper class to give us an explanation. One week or two weeks passed. We couldn't wait for a sentence and a supervisor at or above the vice president level explained to us. The last to wait was a "winning list." You will want to laugh. Inefec's inefficiency is also reflected in dealing with the list of layoffs. It has to wait for more than half a month before the list is drawn.
I really don't understand that in the four years of Inventec, I did not even make mistakes once. I did not take off my supervisor and threatened my supervisor. I did not raise my salary and asked for food and dedication. I went to the mainland on a business trip and stayed in the factory. Even when the girlfriends are gone, they have to sacrifice their lives for years. We used to trust the company so much that they finally fell to layoffs.
Perhaps fortunately, the 32-year-old, who was 32 years old this year, was paid for the first time. He realized that the big companies turned their faces as fast as reading books, instead of being like a colleague who was at retirement age and was betrayed by the company.
On the evening of leaving Inventec, I sat on the beach and was in a calm mood. Tonight I finally had a good night's sleep. I didn't have to worry about being laid off because I was already laid off by the company this day. Now.
A divorced employee was confessing that the facts and the prospects of the diary were far worse than expected. This was a diary of a confidant from Inventec’s employees. During an interview with Paul on this day, he pulled out his mouth and smiled: “I "We were laid off." Holding personal items brought home from the company, envelopes containing a five-dollar bill, and a box of cake meals, he suddenly did not know whether to give praise to Inventec’s compassionate staff or blame the industry. Leader of the Group, Ye Guoyi, is merciless.
"Five hundred yuan is the cost of returning taxis to the retired staff. The meal is the lunch of the day. Some people get meal vouchers. After eating this meal, we must leave the company. There was no difference in the last meal in the prison.†Paul wanted to marry the company that had just funded him, but he couldn’t speak. He announced the list of layoffs in the morning and asked you to pack and leave in the afternoon. Even wanting to roar makes Paul feel overwhelmed.
Paul was just one of Inventec's tightly-planned preparations. He suffered the same layoffs as he did, and Eric, who was in his midst.
Eric once thought that he would work at Inventec for a long time. He was in the Mobile Product Division (MBU) and was doing popular products||smart phones and tablet computers. It was still the chairman of Inventec Li Siqin. Business office. At the beginning of this year, a war against Apple's tablet computers was unveiled. MBU received a big list from HP's tablet computers. Inventec even took bets from Hewlett-Packard to push out other customers' orders, and made preparations to prepare for it.
Earlier this year, after the Lunar New Year, MBU began investing in HP’s first tablet computer. Overtime worked day and night. Those lucky enough to stay in Taiwan to work overtime, hard-working people, they got the Shanghai factory stationed in the production progress. It will be several months to go.
"All along, the MBU has no apparent profitability. So, when the company decided to bet on the HP Tablet PC, almost all of the colleagues were moving." The scene Eric spoke about, but it happened seven months ago, "At the time, Everyone is struggling to support the shipment of HP tablet computers. It is worthwhile to work overtime and sell livers.
In June of this year, the HP Tablet PCs shipped, but the shipping bonuses in circulation have never been seen; instead, it is the bad news that HP may withdraw from the PC business and tablet PCs will also stop production. Concomitantly, it is bad news that the MBU will be laid off.
"Actually, we are unacceptable psychologically. Why do the top management of the company make mistakes and the final bitter result has to be shouldered by the grass-roots workers? In the meantime, there was not a supervisor who left the company to step down. More than 80 of our MBU colleagues are It was smashed by 80%.†When it comes to excitement, Eric used the term “extinguishing village†to describe the horror of the department being abolished.
Eric and Paul both want to ask, "A profitable company needs to lay off its staff. What about Chi Meidian and AUO, who have lost billions of dollars every quarter?"
The scene turned to the bamboo branch on the other side. It should have been the workday on Tuesday (October 25th). The movie theater on the Far East Department Store in Hsinchu was crowded with people. This day was Taiwan’s Gwangbok Festival. Chi Mei Power and AUO were all unanimously magnified and faked. Employees who had no need for work would be on vacation. "In the past, it was a flexible vacation for the technology industry. Most of them had to go to work and take a rest again. However, now that capacity utilization is low, it is no wonder that Chi Mei Power and AUO Ning have a unified holiday and do not allow employees to take time off," said an industry source. In October alone, this type of multi-paying paid holiday will last for two days, including the 25th Sunlight Festival and the 31st anniversary of Chiang Kai-shek's birth. If plus the 10th National Day, the number of working days in October Immediately less three days.
"There are 15 companies who have taken paid leave in Zhuke. There are mostly semiconductor and optoelectronic industries." Du Qixiang, deputy director of the Bureau of Bamboo Science, declined to disclose the list of manufacturers. The so-called “paid leave†covers the annual leave, special leave, compensatory leave, and flexible vacation prescribed in the “Raoku Lawâ€. This is not only this year's vacation but also includes the next year. "If this year's holiday is not enough, it will naturally take time for us to go next year." A crystal engineer reluctantly stated. This bizarre phenomenon is due to the company's unwillingness to be labeled as a negative label for unpaid leave.
The four major industries have all spread the butterfly effect, and the impact is about to begin. Of course, there are paid holidays and the rest is naturally unpaid leave.
One, originally supposed to be celebrating the arrival of the holiday on Friday night, an e-mail from a LED factory's human resources department was sent to a research and development engineer's mail box. The letter was written in a straightforward manner and the engineer was asked to work every other week. Five days of automatic holiday breaks, "This is the so-called unpaid leave." Without any warning, the unpaid leave would knock on the door like this.
Nearly a month ago, the same happened to this engineer and it happened in the LED industry and the solar industry. Even some solar plant production lines have already shown half-downtime. DRAM, panel, solar energy, LED, and the four major industries in Taiwan are all in ink. “This year's peak season is already a definite fact.†Zheng Weishun, general manager of AUO, said slowly. The economy is not good. Everyone knows, but it is difficult. Is it when it is bad? No one has an answer.
However, the shock wave from the unpaid counterfeit industry in the technology industry is hitting other industries in succession. At the end of October, Jin Yiding, who was responsible for the recovery and disposal of waste from technology factories, was seldom working in the Hsinchu plant. They are at the very end of the entire supply chain of science and technology. If the increase in orders from equipment manufacturers is a leading indicator of prosperity, then the reduction in Jin Yiding’s performance in recycling scrap can be regarded as a backward indicator.
Not a few months ago during the peak season, Jin Yiding’s deputy financial vice president Yang Yuxin did not say, “In the first half of the year, even the employees in other departments have to jump to support the recovery of waste, and even need to hire one or twenty temporary workers to help out. "This scene is no longer seen now. Jin Yiding, who is in charge of on-site operations, associates with Wu Wenzhong, pointing to scrapped panel modules stacked in corners. He said that he had to deal with scrap panel modules and scraps two to three times in the past month; The use of capacity declines, and output is greatly reduced. Therefore, the waste also needs to be collected only once a month.
Indeed, the leading index's book-to-bill ratio for semiconductor equipment orders in North America fell to a new low in September and came to â—‹. Seventy-five, almost the lowest in two and a half years, and even the backward index of Jin Yiding, feel the economic downturn, unpaid leave will not be just science and technology factory's own business.
To further spread the volume of air cargo at the airport, the volume of air shipment of electronic products in August this year has dropped from 20,300 metric tons in August last year to 18,660 metric tons, far more than August 2009. The 19,180 metric tons of tsunami that had just ended was still low.
According to industry sources, in the past, in order to grab time for electronic products, panels, chips, and notebooks were used for air export, which accounted for 50% of total air cargo. Recently, due to the rapid freezing of the technology industry, the capacity utilization rate has not been high, and shipping has naturally followed. "Taking the camera maker Canon as an example, a high-profile announcement has been made in the past month to consider cost requirements. We must change all air shipment orders to the sea because orders are not in a hurry. This is also true for other technology products."
"The recent air cargo boom has been the worst case I have seen since I entered the airline industry." Zhang Guowei, general manager of Evergreen Airlines, shook his head because the downturn in the economy was not the only sign of this year's orders. Even order visibility was very high next year. low. The shock wave of the unpaid leave of a science and technology factory has hit the aviation industry that is highly associated with the shipment of technology.
The next wave of economic downturn is just spreading out.
The unpaid fake warning gift shops and taxis all felt that Halloween began to appear on the streets of Taipei in October. It was originally intended to welcome the gifts industry during the busy season, but they were unexpectedly laid back. Looking at the piles of gifts in front of me, there was a handful of gifts on hand. Miss Tang, who was in charge of the business of the technology factory, took them with him. "This wireless mouse, a 500-odd-yuan. Now, er ... (and then find another mouse), for this, there will be 250 yuan, but only 500."
In the past year, she knew that the panel maker's business was not good, but she always thought that it was a matter of the tech industry. It wasn’t her time to take unpaid leave. Until the orders were cut, and some of them were taken out directly. It was only shocked that the nightmare of the financial tsunami in 2008 was a comeback. "The business of the technology industry has always been difficult to do. The purchase price is only three months or six months. But it's usually a good deal, but now it is... oh!" Ms. Tang sighed and said with emotion.
The South Branch at the other end is not good either. As soon as we walked out of the Tainan High-speed Railway Station, a large taxi lined up with yellow oranges and oranges, the boom in the technology industry and the lack of business travelers made it even easier for taxi operators.
Xu Qinghui is the second-largest success taxi owner in South China Branch. It owns 200 vehicles and specializes in the business of South American giants such as Chi Meidian, UMC, TSMC, and Motech. However, speaking of his performance in the past three months, he also shook his head. Looking at the parking lot full of empty cars, waiting for business customers to come to the door, Xu Qinghui than anyone else anxious.
The depreciation and cash flow requirements of the car rental industry are large. Without business, there is no cash income, and he did not even dare to rest on Sundays. "Because I'm looking for money, I don't know how long it will last for this reason. The business has lost more than 30%. In July, it could earn 890,000 yuan. In October, there were only 60,000 to 700,000 yuan, even the Taiwanese team. It's not much better."
Taxi driver Xu Minghong also frowned: “In the past, every day I was able to earn $1,500 from a sports car, but now it’s less than $1,000, and for Chi Meidian’s guests, it’s possible to run ten miles in the past month. Now it’s only six miles. Even if the current situation is not as severe as in the financial tsunami in 1989, the nightmare is still lingering. "At that time, there was a drop of 90% in the number of guests. There was hardly any business, and many of our peers could not survive. Probably (near the financial tsunami situation) is not far away."
In addition to the car rental industry, the breakfast shop followed. Her mother's breakfast shop is located next to the entrance of Nanke Road. In order to facilitate the Nanke people's dining, she specially has a huge parking lot beside the breakfast shop. The business on weekdays is very good, and many Nanke office workers have started a day here. The beginning.
However, since the start of last month, there have been fewer cars passing through this road. In the past, the Chen Mom's Breakfast Shop, which used to be the sole business owner of Nanke Business, lost about 30% to 40% of the total. Plus, the news of unpaid leave jumped to the newspaper page. Her worries are all written on her face. "We are specializing in Nanke business. Once the Nanke people leave unpaid leave, they will not go this way. We are here again from the urban area and there are people in the area. It's very rare to spend here."
When you think that unpaid leave and layoffs are just a matter of technology, you are wrong. Once the annual contribution of Taiwan's GDP (gross domestic production) is at least 5% or more of the technology industry is injured, unpaid leave and layoffs will not be met only by the 600,000 people in the technology industry; the cold winter in the economy will be like a super earthquake, from the epicenter. The science and technology industry has spread like crickets and hit traditional industries, service industries, and financial industries.
If one day, the dual-D industry does not pay for it. . . . . .
AUO Deputy General Manager Zheng Weishun admits that in addition to the fact that there are no unpaid leave yet, all operating mechanisms have already drawn back to the response of the financial tsunami. “Every person in charge must jump to the cost of his own.†When it was long, one minute worth of money could not be thrown.
Not only that, AUO even set out all the cost reduction targets. “The reduction target for components in the fourth quarter is 2%.†AUO’s Chief Financial Officer Yang Benyu said that AUO will not expand new production capacity next year because cash must be used instead. In addition to research and development, it is necessary to maintain the improvement of daily operations and existing production capacity. AUO's executives above the rank or above are taking the lead in reducing wages by 5%. This is just the beginning.
"In the coming year, we will have to repay 43 billion yuan. There are about $45 billion or more in the amount of cash that can be transferred on the account." Yang Benyu explained each figure carefully. He must strengthen the confidence of investors and let them know that AUO has enough firewood to sustain this cold winter that is still in sight.
If you do not do this, investor confidence will soon collapse, and it will be sooner or later for the panel to follow the DRAM. Who can imagine that if one day, when the dual D (DRAM and panel) industry is still not available, it will be What terrible sight?
The answer is that the net asset value of five major financial assets such as South China Gold, Yushan Gold, First Gold, Mega Gold, and Taiwan New Gold will evaporate one-third of the money; the most frightening thing is that there are 11 Golden Bond loans in Guangdao. The amount of debt to the DRAM and panel industry was nearly 32 billion yuan.
Once the DRAM and panel makers have not yet paid, the domino effect is imminent. As a result, while the layoffs and unpaid leave were in place, the actions of the lending banks quietly began to quietly increase the odds ratio for bad loans. Some banks even had the psychological preparation for the money not to get back. Listed for bad debts.
The so-called "allocation of bad debts" refers to losses that have not occurred so far. The bank pre-determined the debts on the premise that the company may not have paid for the money, allowing the shareholders to have a good idea. However, it should be noted that this has not yet come true. It is only expected and guessed that the biggest difference from bad debts is that bad debts have actually occurred.
The butterfly effect sweeps across the four industries, and no one in finance can afford to stay outside. Taiwan’s new investment advisers have indicated that in the past, banks’ bad debts for normal lending were required to be deposited. Fives%. However, the downward trend in the economy has become a trend that cannot be violated globally. In mid-September, the FSC took up a policy of “sunnying and preventing Taiwan†and asked the bank to increase the provision for bad loans for normal lending. Five percent increase to one percent. For example, Taipei’s Fubon Bank raised eight in September. Eighty billion yuan, even the First Bank, at the end of September, made a 100% loan to ProMOS Moore for bad debts.
The decline of DRAM has been difficult to regain, especially on the dying edge of Mao De. It is undoubtedly the first shot of the banking industry. This year, the bank’s primary solution is to allow Moody's repayment. Next year is Powerchip. Next is the panel, solar energy, and LED industry. With less support from the four major industries, can Taiwan’s technology islands survive over the winter?
The unpaid leave and layoffs in the science and technology industry are like a small butterfly. Its slight quivering its wings represents not only the beauty and mourning of 600,000 people. It hurts the storms that may be brought, and it will sweep and transport. Industry, traditional industries, service industry, and financial industry will no longer be able to stay out of business.
According to statistics from the 21,500-person Taiwan Electronic and Electrical Information Industry Workers Union, 21,500 people were on unpaid leave days ago, and only 2,801 people were released by the Labor Council of the Executive Yuan. There was a significant drop in statistics between government agencies and private organizations.
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