Hertz and LATAM became the latest companies that have been hit hard by the coronavirus crisis. Yahoo Finance’s Tom Belger weighs in on how the companies are faring.

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Nokia last week suspended operations at a telecoms gear manufacturing plant in southern India, the company said on Tuesday, after some employees tested positive for COVID-19. Nokia did not disclose how many workers at the plant in Sriperumbudur in the southern state of Tamil Nadu tested positive, but a source familiar with the matter said they were at least 42. The factory had begun operations in a restricted manner over the past few weeks, Nokia said in a statement, after India eased the world’s biggest lockdown to kick-start its economy which has been pummelled by the shutdown.

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Chile’s LATAM Airlines Group SA on May 26 became the largest carrier so far to seek an emergency reorganisation during the pandemic. British regional airline said on March 5 it had entered into administration as the already struggling carrier failed to withstand the plunge in travel demand caused by the coronavirus outbreak. The Swedish airline applied for a court-administered reorganisation after demand plunged due to the spread of the novel coronavirus, it said on its website on April 6.

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