Sogefi (CIR Group): measures in response to COVID-19 emergency in Europe

Milan, March 22, 2020 – Sogefi, the automotive components company of the CIR Group, announces that, due to the COVID-19 outbreak in Europe, it will temporarily suspend its three Business Units production activities across the plants located in Italy, France and Spain. Limited production will continue in certain sites in order to fulfill aftermarket needs.

The decision is primarily aimed at ensuring health and safety of the Group employees and the population, following the spread of the virus, and is aligned with governmental measures currently adopted in the countries where production sites are located. It also takes into account supply chain disruption and significant market decline.

Measures will be implemented at local level in coordination with social partners.

The Group is continuously and closely working with its business partners and is ready to promptly restart production when circumstances will permit.

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