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Over the years, China has vigorously developed the coal industry, and coal supply is obviously excessive. According to the data, the coal consumption of electricity, steel and building materials decreased by 3.4%, 1.4% and 1.1% year on year, respectively. In the case of excess production and worse demand, the pressure of enterprise management is increasing, and the industry situation is grim. Faced with this situation, major coal enterprises began to cut wages.
It is reported that the total wages of Shenhua Group were reduced by 10% in 2015. Shenhua Group said that due to the continuous downturn in the coal market, a sharp drop in coal prices and electricity prices, the company's profits have declined, and the reduction of employees'wages is in line with the operating rules of the enterprise.
& In the coal industry, Shenhua Group has the best benefit. However, when the production capacity is excessive and the whole industry is in a loss predicament, it is difficult for high-quality enterprises to stand alone. & According to Zhang Xiaojin, a coal analyst at Everbright Futures, adjusting salary levels according to the current situation of the industry is a normal business behavior, but as a market benchmark, Shenhua Group's salary reduction has been given more meaning and interpretation, and the best companies in the industry have also reduced their salaries. The industry's dilemma is evident.
In fact, China's industrial restructuring has not yet been completed, and energy-consuming enterprises are generally inadequate, thus affecting coal consumption. & ldquo; The accumulated capacity in the past few years is still in the release period, it can be predicted that the adjustment period of the coal industry has not yet ended, and the weakening of coal prices will be the new normal. In this case, the management level of relevant enterprises and the ability to use various financial instruments to avoid risks are particularly important. & rdquo; said Zhang Xiaojin.
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