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While most respondents to the Association of Vehicle and Vehicle Supply Industrialists (TAYSAD), which is working to determine the effects of the coronavirus epidemic on the supply industry, thought that the effects of the pandemic would not end sooner. By July, 76 percent of them expected to lose more than 20 percent of turnover this year due to the pandemic. . On the other hand, 83 percent of the companies in the sector applied for a short-term job subsidy. While 49 percent of applicants had positive results, 51 percent of applicants have yet to complete.
According to the survey, which ended on April 29, 65 percent of industry representatives say there will be cash congestion in the coming period, while this problem is expected to continue for 3 months or more. Government industrialists to solve problems; expand the definition of force majeure to cover the entire automotive supply industry, transfer loans from public and private banks for at least six months without interest, remove additional limiting conditions for the support of KGF and loans from the Turkish bank Eximbank and the “allocation short work “Demanded that the minimum wage be applied as 3 times the gross amount.
In the second survey conducted in early April, the view that the effects of the pandemic will end in June and earlier includes a 73 percent segment; This more optimistic group was seen to drop to 40 percent in the third survey. While 76 percent of participants anticipate more than 20 percent turnover loss this year due to the pandemic, those who think the loss will exceed 40 percent made up a group of 10 percent. According to the survey, 65 percent of members think they will experience cash congestion in the coming period, while the rate for those predicting this problem will last three months or more has reached 70 percent.
The ratio of applicants to the Short Job Grant increased to 83 percent
While 63 percent of supply industrialists applied in the first survey and 75 percent in the second survey, this proportion increased to 83 percent in the last survey conducted. This increase in applications also revealed the need for the KÇO incentive period not to be limited to 3 months. Although 49 percent of applicants received the assignment, the results were not yet successful.
In the survey, it was observed that TAYSAD members continued to partially work more than 70 percent, the number of companies that switched to working normally with social distances from the week of May 4 to 8 reached 23 percent, and those that experienced complete stops in production decreased to 4 percent. The survey also found that during the week of May 11-17, total production downtime decreased to 3 percent and the transition to the part-time system fell to 66 percent.
The survey revealed that companies in the part-time system will also experience an increase in their production volumes. In this context, it was reported that the weekly production rate, which was 39 percent from April 6 to 12, will gradually increase from May 4 and will increase to 60 percent at the end of May. Additionally, 60 percent of participants thought the effects of the pandemic would not end before July, while the rate for those who thought the effects would disappear after August was 26 percent.
22 percent of respondents stated that banks were having trouble setting up their loans and 34 percent were having trouble collecting their accounts receivable from vehicle manufacturers and global auto suppliers. The survey also showed that 60 percent of participants made some requests from their vehicle manufacturers, which are their customers, to resolve the issues. Participants; He demanded that the discount requests for 2020 be waived, and that product and mold prices be paid earlier.
The survey also included expectations for support from the sector. Industrial for the solution of problems; requested banks to repay loans used for April, May, June, and July, at least six months interest-free, to remove additional limiting conditions on KGF Support and Turkish Eximbank loans, and to broaden the scope of code implementation NACE of the supplier industry. Additionally, the short work subsidy incentive period was not limited to 3 months and the gross minimum wage was increased to 3 times instead of 1.5 net so that office workers, like production workers, can benefit from this incentive.
