Press release 3/24/2020

VBG Group adapts its operations to the current market situation

VBG Group is constantly monitoring the development of the Covid 19 outbreak. Given the uncertain situation, it is not currently possible to predict the full potential impact on the business. Continuous risk assessments are being done daily and necessary measures are taken on an ongoing basis to protect our business. Given the fact that many large truck companies in Europe taken some drastic measures, VBG Group is now adapting its operations to the current market situation.

Agreements on short-term employment resizing  are now in place and VBG Group will implement short-term employment resizing for parts of the staff in our operations, starting from 1st of April, globally in accordance with local regulations.