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News FLSmidth reports coronavirus disruptions

FLSmidth reports coronavirus disruptions

Written by Global Cement staff 24 March 2020
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Denmark: FLSmidth has reported ‘increasing disruptions to customers’ and its own operations’ and higher costs due to ‘more complex logistics and a weaker fixed cost absorption’ following the coronavirus outbreak. It says that around half of employees are working remotely.

FLSmidth continues its business improvement initiatives launched in 2019 and has implemented a capital expenditure (CAPEX) reduction, salary adjustment postponement and hiring freezes.

Last modified on 25 March 2020
Published in Global Cement News
Tagged under
  • Denmark
  • FLSmidth
  • coronavirus
  • costs
  • logistics
  • Staff
  • capital expenditure
  • Salary
  • Recruitment
  • GCW448
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