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Companies in Ukraine, both large and small, have been forced to push the pause button on operations as the Russian invasion rages on.
While some are looking for ways to continue by relocating employees or modifying work schedules and projects, others have been forced to shut their doors indefinitely.
The long-term impact on local and global economies remains unknown.
In the auto industry, Porsche shut down some of its manufacturing lines in Europe due to supply chain disruptions.
The change affects the production of models including the 911, 718, Macan, Panamera, Cayenne, and Taycan.
The company cited a shortage in wiring harnesses as one of the reasons behind its move, as 7 percent of the world’s auto harnesses are made in Ukraine.
Porsche also donated $1.1 million to help refugees and children in Ukraine and stopped delivering autos to Russia.
Audi and BMW also paused production , while Mercedes-Benz reduced its output levels.Cornelis Fichtner, president of OSP International, LLC , a project management training company in Silverado, California, notes that some of the company’s part-time and full-time team members reside in Ukraine.“We are offering Ukrainian team members—and others affected—subscription-based counseling services, free of charge,” Fichtner told The Epoch Times. Slay the latest News for free! The company is also granting personal time off for employees as needed during the conflict.While some are taking time away, others are looking to carry on, Fichtner added.“Many people want to keep working to get their minds off the conflict,” he added. Exoft , a software company with headquarters based in Lviv, Ukraine, saw 10 percent of its team relocate to Europe, where they are continuing to work for the firm.“When the war started, we immediately warned our customers about the situation,” Bohuslava Zhyvko, head of marketing at Exoft, told The Epoch Times.“For our employees, new rules were introduced, taking into […]
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