Expect in April – despite the gradual opening in Trading since April 14 – 80 percent of traders experience negative sales. Almost 60 percent expect a sharp decline in business of more than 50 percent.
Short-time work
14 percent of those surveyed created a web shop, and another 24 percent expanded their existing online shop. “You can compensate for some of the sales losses, but we’re talking about a maximum of 50 million euros – with a weekly loss of sales of up to one billion euros in Austria Trade during shutdown, “said the Trade association on Monday in a press release.
42 percent of the smaller dealers had therefore sent parts of the workforce to short-time work, 17 percent had already quit employees. In March, 4 percent of companies had new hires.
More than half of the companies surveyed have applied for financial aid from the Corona rescue package or plan to do so.
Insolvency
A quarter of SME traders say they are “within a month of Insolvency could be affected, “said trade association managing director Rainer Will. “Seven percent of the companies have already had to close or will close down soon.”
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