Austrian steelmaking group Voestalpine will enforce shorter working hours across its operations in Europe as part of short-term work model amid the coronavirus (2019-nCoV) pandemic, the company said on Monday March 23.
The coronavirus pandemic has already hit the heart of the European economy. Widespread closures of car-manufacturing sites across Europe, as well as shutdowns and capacity cuts in the aerospace, mechanical engineering, and oil and natural gas industries have axed demand in Voestalpine's key customer segments."The actual extent of short-time work will become clear over the next few weeks and will be...