Ferrari has noted the date for resumption of production work at Maranello and Modena by mid-April after closing it down earlier in the month.
Italy has been the worst-affected nation by the COVID-19 pandemic in terms of deaths, while it remains in the top half of the infected cases list – ahead of the original epicenter China. There is no stopping of cases, even though it has seen a slight decrease.
The nation is in severe lock-down to slow the movement of people and that of the virus as the healthcare system struggles to get any respite. Host of companies have come forward to help, including Ferrari, who have donated money and done other things as well.
The Italian manufacturer had to halt its work early in March as the supply chain was affected. On the F1 side, the decision to bring forward the summer shutdown worked well as other outfits have closed shop as well, with some to do it.
Having notified of an early closure, Ferrari has now updated that they aim to resume production from April 14 onward at Maranello and also at Modena, which will be dependent on the supply chain. Until then, the ‘smart working’ continues on.
Here’s the latest statement from Ferrari:
“Ferrari N.V. announces today that subject to supply chain continuity it now plans to resume production as of 14 April 2020. All activities that can be conducted in smart working will continue to be performed as has been the case in recent weeks.
“The Company will continue to cover all days of absence to those unable to take advantage of this solution. Given the huge uncertainty and lack of predictability that the Covid-19 has created, the Company is taking all appropriate actions to assure the wellbeing and welfare of its employees and that are deemed to be in the best interest of all stakeholders.
“The Company anticipates that it will be in a position to provide further financial guidance to the investment community during its first quarter earnings’ call on May 4, 2020. It remains confident that in view of its brand equity, strong balance sheet and sound business model it will continue to create value for all stakeholders beyond the near term uncertainties.”
Most of the F1 teams had already noted their dates of shutdown – here. Others like AlphaTauri, Racing Point and McLaren also confirmed theirs, with the Faenza-based team shutting from March 28 until April 17, the Silverstone-based from March 27-April 16 and the Woking-based from March 24-April 14.
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