Layoffs Rush Into Listed Companies

Enterprise management encountered difficulties

Active layoffs, passive attrition, and personnel changes due to mergers and acquisitions have been formed.

"As a lagging indicator of economic performance, last year's layoffs reflected more difficulties in macroeconomic and business operations of the previous year and last year."

Li Jianfeng, chief strategist of financial securities, said in an interview that "the unemployment rate will have a lagging effect on the economy. On the other hand, it predicts that this year's economic situation is not optimistic, especially in the first quarter."

A few days ago, statistics released by the National Bureau of statistics showed that the profit of industrial enterprises in the first 2 months has been negative for the first time in 27 months.

Yang Chang, a researcher at the development and research center of Shanghai Municipal People's government, has recently studied many enterprises. He told reporters that the A share market was dominated by manufacturing industry. The layoffs reflected the low degree of intelligence in some manufacturing sectors in China. At the same time, it also showed that listed companies are carrying out some orderly planning and cost control, and are making efforts to improve their management and production efficiency.

The motive of redundancy is different.

From the perspective of segmenting industries, household appliances, foreign trade, automobiles and other industries become

Taking household appliance enterprises as an example, widespread layoffs reflect unsustainable patterns.

In addition to such a big Mac, small household electrical appliance enterprises, IPU and Swan also laid off 531 and 359 people last year.

Insiders told reporters frankly that household appliances went to the countryside for several years to develop the industry, but the appliance industry was still reluctant to make progress under the policy support, and the pformation process was still slow.

Coupled with the huge fluctuations in the prices of raw materials, the appreciation of the renminbi, the tightening of domestic credit, the regulation of the real estate market and the gradual exit of home appliances to the countryside, the overall failure of the appliance industry is expected.

Yuan Haoran, chief analyst of GFA securities, believes that there is no need to worry too much about the layoffs in the home appliance industry. The company's layoffs are designed to change strategy and not to mention the industry's "severe winter".

For foreign trade enterprises, the reduction of personnel is mainly due to the decline in orders.

As early as 2008, the textile and garment enterprises in Thailand and other neighboring countries broke out large-scale layoffs.

The job cuts in the car industry also indicate that the golden age of high growth in the car industry is over.

At the most brilliant time of BYD, Wang Chuanfu, chairman of the board of directors, proudly declared that in 2025, the 300 thousand largest labor force and a large number of engineers in the world would be capital.

Today, the auto industry is facing a slowdown in demand growth and has to cut costs and reduce production capacity through layoffs.

BYD had to reluctantly abandon its important capital.

The securities companies listed as "relying on heaven" are also eye-catching. Because of the A share market downturn and industry competition intensifying, Haitong Securities laid off 1552 people last year, ranking first among securities companies.

Coincidentally, CITIC Securities also experienced layoffs last year.

Insiders of CITIC Securities profit center judge that Haitong Securities's layoffs are only a case.

Domestic and foreign investment banks are slightly different in layoffs. The purpose of layoffs in foreign investment banks refers to the cost savings, usually by team or department layoffs; and the core group of domestic brokerages will not face large-scale layoffs, such as sponsors and researchers.

From the point of view of manpower structure, Haitong Securities headquarters's core business and functional departments account for a relatively low proportion.

To sum up, there are four main reasons for the current "layoff storm": first, the industrial reasons, such as the regulation of the real estate industry in the household electrical appliance industry; two, the decline in orders, resulting in the passive control costs of enterprises; three, the upgrading of products, the elimination of technology and the improvement of the ability to replace labor force; and four, the rise of human capital to the employment structure of enterprises.

Only accelerated pformation

In fact, enterprises may lay off workers in the depressed market conditions, and the information of listed companies is more pparent.

"The old driving force is weakening, the new driving force has not yet been mature, and enterprises are expected to be more difficult to be optimistic, so there is no motivation for expansion.

The real economy is slowing down. If we do not change this situation in time, there will continue to be layoffs. "

Zheng Lei, CO chairman of the International Asset Management Association, admitted to reporters.

To alleviate these pressures, no matter the industry or experts and scholars agree that only rely on accelerating pformation.

The pformation of China's economy is the trend of the times, to compensate for the negative impact of rising labor costs, only to improve labor productivity.