AkzoNobel Focuses on COVID-19 Response, Suspends 2020 Financial Ambitions
AMSTERDAM — AkzoNobel is pausing key parts of the company’s transformation and suspending its 2020 financial ambition in response to significant market disruption resulting from the COVID-19 pandemic. Once markets normalize, AkzoNobel intends to resume its positive momentum and drive performance in line with industry frontrunners.
The company stated that it is taking maximum precautions to ensure the safety and well being of its employees, while also taking all reasonable steps to sustain business operations and continue serving its customers. AkzoNobel takes care to fully support and comply with the requirements of relevant authorities. In affected countries and regions, employees are working remotely if their jobs allow.