Brief: Daetwyler Adjusts Capacity In Mobility Unit Plants

Daetwyler Holding

08/04/2020 05:53

April 8 (Reuters) - DAETWYLER HOLDING AG  DAE.S :
    * CAPACITY ADJUSTMENTS IN THE MOBILITY PLANTS
    * DUE TO THE UNCERTAINTIES CAUSED BY THE CORONA PANDEMIC, A
RELIABLE FORECAST FOR THE 2020 FINANCIAL YEAR IS NO LONGER
POSSIBLE
    * IN MOBILITY UNIT, ADJUSTS CAPACITY, COST STRUCTURES AND
CAPEX IN
RESPONSE TO DECLINING DEMAND AND CLOSURE OF SEVERAL CUSTOMERS'
PLANTS DUE TO PANDEMIC
    * THIS WILL LEAD TO SHORT-TIME WORKING AND IN SOME CASES TO
TEMPORARY PLANT CLOSURES
    * SITUATION IS NORMALISING AT THE PLANTS IN CHINA.
    * SUPPLY CHAIN TO SUPPLIERS AND CUSTOMERS IS ENSURED FOR ALL
DAT-WYLER PLANTS

Source text: https://bit.ly/3ea3Hi7
Further company coverage:  DAE.S 

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