Savosolar furloughs 21 employees due to coronavirus

Finnish solar thermal systems builder Savosolar Oyj (FRA:5J4) has agreed to temporarily lay off 21 part-time and full-time employees and adopted several other measures to deal with possible negative effects of the re-emergence of the coronavirus.

The workers will be let go for a maximum of 90 days over the next three months, Savosolar said after finalising negotiations with the staff it announced ten days ago.

The company further said that its factory will continue operations to fulfil orders, but the work week will be shortened until the end of the year.

Additionally, the management will take a pay cut during the next three months.

The company said these measures will result in about EUR 200,000 (USD 236,700) in savings over the three-month period.

The adjustment plan could change if the coronavirus situation improves or if the company receives new orders during this period. In this case, employees may be given a three-day notice to come back to work, Savosolar added.

(EUR 1.0 = USD 1.183)

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