There is still a high degree of uncertainty regarding both short- and long-term effects of COVID-19, but there has been substantial negative impact on both demand and operations during March. For the first quarter of 2020, Haldex expects sales and operating margins to be significantly lower than was expected in the previously communicated full-year forecast. Given the circumstances, Haldex has withdrawn the full year forecast and at this stage no updated forecast can be submitted.

In order to adjust business operations to the temporary lower demand caused by the global COVID-19 outbreak, Haldex has decided to implement a short-term layoff scheme for almost all employees in Landskrona. The short-term scheme will be effective from Monday, March 30. In total, approximately 250 employees are affected.  

Haldex has completed negotiations with the employees representation in Germany regarding the closure of production in Heidelberg and the relocation of R&D.