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As a result of the global coronavirus pandemic, Elmos Semiconductor AG plans to go up to 50% short-time. Initially, this will only affect some production areas. The latest reports from numerous automobile manufacturers regarding plant closings mean that demand at Elmos is also becoming less secure and in some cases declining.
Elmos has been taking extensive preventive measures in all areas of the company for several weeks. For example, several hundred employees work in the home office, strict travel restrictions apply, and entrance controls are carried out. Extensive measures for social distancing have been implemented.
The primary goal is to protect the health of employees and all other affected parties. The measures taken also serve the goal of both maintaining ongoing operations as appropriate and ensuring that development projects are processed on time.
The financial impact of the coronavirus pandemic cannot currently be quantified. The financial forecast will be updated in due course.