China Auto April 8th? A few days ago, the reporter learned that Michelin, a French tire company, announced that the company's executives voluntarily gave up part of their salaries to cope with the impact of the epidemic on the company's business.

It is understood that due to the global spread of the epidemic, Michelin's business has slowed down significantly, resulting in some employees stopping work and going out of business. To this end, the Michelin Group's management, executive committee and board of supervisors adopted salary reduction measures to show their solidarity.

It is reported that Florent Meneg, manager of Michelin Group? Menegaux) and Yves Chaport (Yves? Chapot) reduced their respective salaries from April to May by about 25%, and both of them said that they would give up some variable salaries in 2119, which will be submitted to shareholders for voting at the annual general meeting held on June 23, 2121. In addition, members of the Group Executive Committee also voluntarily reduced their salaries by about 11% from April to May. Michelin said that the "salary reduction" will continue as long as the employees of the group are threatened by COVID-19.

Affected by the epidemic, the upstream and downstream supply chains of the automobile industry have also faced unprecedented challenges. According to Michelin's previous market report, the global passenger car and light truck tire market dropped by 9% in the first two months of this year. Truck tires dropped by 16%. Previously, Michelin had closed its factories in Spain, France and Italy because of the epidemic, and the specific time to resume work depends on the development of the epidemic. The above three factories involve as many as 21 thousand employees.

This article comes from the author of Chejia, car home, and does not represent car home's standpoint.