Business
Further COVID-19 Update
Further COVID-19 Update.
About this update from Essentra Plc
[{"type":"text","content":"\n \n \n RNS Number : 5589N\n Essentra plc\n 21 May 2020\n \n \n \n \n ESSENTRA PLC\n \n \n \n ANNUAL GENERAL MEETING - \n \n \n FURTHER COVID-19 UPDATE\n \n \n \n \n \n \n \n Summary\n \n \n ·\n Three priorities remain; employee physical and emotional wellbeing, continued high levels of customer support, cash conservation\n \n \n ·\n New fourth priority - building for our future - to ensure the Group is best placed to emerge from the pandemic successfully\n \n \n · \n Groupwide performance not materially impacted by COVID-19 in Q1, but disruption to trading felt in April\n \n \n · \n Most significant impact in Components, with underlying demand in Packaging and Filters robust\n \n \n · \n All 71 manufacturing and distribution facilities are now operational\n \n \n · \n Liquidity position and capital structure well placed to absorb an extended period of uncertainty \n \n \n · \n Well positioned to respond effectively to the impacts of the pandemic and return to delivering growth over the medium to long term\n \n \n \n \n \n \n \n \n \n Further to the announcement made on 27 March 2020, and ahead of our Annual General Meeting (to be held later today), Essentra plc ('the Company') today provides a further trading update on its response to COVID-19 ('the pandemic').\n \n \n \n \n \n \n People \n \n \n \n \n \n The Company's main priority remains the safeguarding of our people - physically, emotionally and financially - whilst taking account of our global and local obligations. The steps taken by the Company have been underpinned with the principle of protecting jobs as much as possible during the period of uncertainty.\n \n \n \n \n \n Physically, we have strict hygiene and protective safety measures in place across all of our facilities, extending the provision of PPE to employees' families in many vulnerable countries. \n We continue to see a decline in the number of employees absent from work for COVID-19 related reasons.\n \n \n \n \n \n Emotionally, the Company has established virtual networks for those employees now home-based or those with specific challenges at this time. Our critical factory and warehouse employees in some high risk countries have been provided with alternative housing, whilst more globally employees have been given access to support networks and ...