Last updated: 16th April 2020
COVID-19 pandemic has created significant economic turbulence that is also affecting the course of our business here at Hilti. To counteract this and to protect our employees in the long term, we are introducing a package of temporary measures.
Over the past couple of weeks, we worked intensively to detail out what the likely business impact of the COVID 19 crisis will be for us. Based on this assessment we discussed the required levers to counter-steer and agreed on the appropriate set of actions.
Our priority is and always will be to protect our employees and do everything in our power to provide our customers with the best possible support in this difficult situation and in the ensuing recovery.
That is why we have agreed part of our workforce are, starting 17th April, moving to “Furlough” under the UK Government scheme whilst Hilti Stores will stay closed until further notice.
This will ensure 80% of their contracted pay can be met and we can continue paying wages now and as we move out of the pandemic. We want to bring as much certainty as we can to all our staff, their families and our customers.
Whilst the measures take effect, we are still operating and supporting projects in the construction industry. Some of our projects are important, for example the products we supply to repairs, maintenance and building of medical facilities such as field hospitals.
We hope with these temporary measures we can protect the jobs of our team members as much as possible.
We will further push innovation, focus on our strategic projects and when the situation will improve, we will be ready to grow again. We have all the prerequisites to cope well with this crisis and to be ready for the future.
If you have more questions, don’t hesitate to get in touch using the details below and check our FAQ page for anything else related to COVID-19 implications on your operations.
General Manager, Hilti Great Britain