FCA Suspends Production in North America in Response to COVID-19 Emergency
18 März 2020 - 10:02PM
FCA Suspends Production in North America in Response to
COVID-19 Emergency
Working with the UAW and listening to the
concerns of our people, we have agreed to cease production at our
plants across North America, starting progressively from today
through the end of March. While production is paused, the Company
will put actions into place to facilitate the steps agreed through
the joint task-force set up between the UAW and the automakers.
Through this period, which we will reevaluate at the end of this
month, FCA will work to enhance its manufacturing operations to
facilitate the changes agreed with the UAW including shift timings,
structures and enhanced cleaning protocols.
Commenting on this action, FCA CEO, Mike Manley
said: “Working with the UAW, and having visited many of our plants
yesterday, we need to ensure employees feel safe at work and that
we are taking every step possible to protect them. We will continue
to do what is right for our people through this period of
uncertainty.”
With our priority towards the health and safety
of our workforce we are also evaluating the impact of all steps
being taken inside the company and on macro-economic conditions
related to the Coronavirus emergency on our current financial
guidance. We will provide an update on our financial guidance
when that evaluation is complete and we have sufficient visibility
on market conditions.
London, 18 March 2020
This press release contains forward-looking
statements. These statements are based on the Group’s current
expectations and projections about future events and, by their
nature, are subject to inherent risks and uncertainties. They
relate to events and depend on circumstances that may or may not
occur or exist in the future and, as such, undue reliance should
not be placed on them. Actual results may differ materially from
those expressed in such statements as a result of a variety of
factors, including: volatility and deterioration of capital and
financial markets, including possibility of new Eurozone sovereign
debt crisis, changes in commodity prices, changes in general
economic conditions, economic growth and other changes in business
conditions, weather, floods, earthquakes or other natural
disasters, changes in government regulation, production
difficulties, including capacity and supply constraints, and many
other risks and uncertainties, most of which are outside of the
Group’s control.
For further information:tel.: +39 (011) 00 63088Email:
mediarelations@fcagroup.comwww.fcagroup.com
- FCA Suspends Production in North America in Response to
COVID-19 Emergency
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