The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the global economy, the work place and the spread of the virus.
___________________ PAYCHECKS STOP: Companies are entering survival mode, which means tens of thousands of people are losing weekly paychecks.
Governments are pushing billions of dollars into programs to stop the bloodletting, but job cuts keep coming. — Tesla furloughed most factory workers and announced pay cuts.
Furloughed employees won't be paid, but health benefits will continue. The company anticipates a return to work on May 4, according to an email from Valerie Workman, head of HR for North America. — Starbucks will provide
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