Loading
27-Mar-2020 12:47 PM

Safran reports Chinese plants now fully operations, European sites gradually restarting

Safran reported (26-Mar-2020) its Chinese plants are already fully operational and European sites are gradually restarting. The company also reported the actions it has implemented since Dec-2019 in response to Boeing's decision to shut down the 737 MAX assembly line are now enhanced. The company is also implementing "very significant measures"  are implemented such as a pause in capital expenditure, the definition of new objectives for R&D and a reduction of direct and indirect costs. Safran will also use all schemes set up by governments, particularly short time working. [more - original PR]

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More