Nanjing a pig company received a snow-like salary cut petition officially said that it is true: it is not a salary cut but a postponement
During this period of time, pig companies’ lives are not very good. By October 8th, the national average price of live pigs has fallen below 11 yuan/kg. This is the first time since June 2018 that the price of live pigs has fallen to 11 yuan/kg. Compared with the price drop by more than 70%, the entire industry fell into a state of loss.
Some pig companies have lost profits for several years in a few months.
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In such a big environment, there is a pig company in Nanjing, Jiangsu (Tianbang Co., Ltd.). The company received a petition for a salary reduction because of its poor performance.
According to the person in charge of the pig company, the matter is basically true, but it is not a pay cut, but a postponement (delayed payment). The company said that managers pay one-third of the salary, other employees pay one-half, and the rest will be paid next year. There is no specific time limit for the time being.
According to relevant data, the price of pork will continue to run at a low level and may rise after the Spring Festival. It can be predicted that pig companies that can survive this period will be profitable in the future, even retaliatory profit.
In 2019, under the comprehensive influence of the decline in the supply of live pigs and the regional occurrence of African swine fever, domestic live pig prices began to rise in March of that year, and then entered the super pig cycle in history, earning thousands of yuan per pig, and the ratio of pig raising to wealth All the same, a large amount of foreign capital has entered the market. From the end of last year to the beginning of the year, the production capacity of live pigs has been released significantly, which has put greater pressure on the price of the live pig market.
According to the monitoring of the Ministry of Agriculture and Rural Affairs, in September, the loss of pig farms (households) across the country has reached 76.7%.
According to a report from CCTV Finance, under the influence of the plummet of pig prices and the high price of feed, retail farmers have to lose about 500 yuan when they sell a pig of more than 200 kilograms.
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