Semcon to implement short-term lay offs due to COVID-19 uncertainty.
NORDIC BUSINESS REPORT-March 23, 2020-Semcon to implement short-term lay offs due to COVID-19 uncertainty
(C)2020 M2 COMMUNICATIONS http://www.m2.com
Semcon AB (STO:SEM), an international technology company that develops products based on human needs and behaviours, announced on Friday that in order to mitigate negative financial effects of COVID-19, it will implement short-term layoffs for affected employees, in accordance to subsidised measures from authorities.
Reportedly, as a consequence of COVID-19, some customers have announced reduced demand, which has a negative impact on Semcon.
According to the company, these short-term layoffs will affect both administrative personnel and consultants where relevant. This is a temporary action, in order to be ready to scale up working hours when the situation changes and minimise the number of permanent layoffs in...
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