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Stock impact report

Fujitsu preparing to stop production in Spain after coronavirus causes shortages [Reuters (UK)]

FUJITSU LTD UNSP/ADR (FJTSY) 
NASDAQ:AMEX Investor Relations: fujitsu.com/global/about/ir
Company Research Source: Reuters
Fujitsu preparing to stop production in Spain after coronavirus causes shortages - Reuters 2 Min Read MADRID (Reuters) - Fujitsu Ltd is preparing to halt some production lines at its car equipment components factory in Malaga, southern Spain, if needed, because of a shortage of parts from China due to the coronavirus outbreak. The Japanese information technology company’s only European factory has scheduled production to stop on its first production line - its assembly line for car audio components - from March 16, factory managing director Blanca Hermana told Reuters on Wednesday. “We’re working so we don’t have to stop, and that’s what we’re hoping for. But we have taken the preventive measures to deal with this situation as the components are arriving with great difficulty,” Hermana said. The stoppage of the audio line will affect 38 employees, but the suspension of other lines, making mostly auto electronics, could affect 336 operators out of 449 workers in the Malaga factory, acc Show less Read more
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