Brunswick Corporation announced it will suspend production at certain of its propulsion and boat operations over the next few weeks in response to the impact of the coronavirus (COVID-19).
A press release said this is being done in the best interest of the safety and health of employees as well as to better balance production levels with some projected near-term global market weakness.
They added that due to current inventory position, in-transit stock and good planning with suppliers, they remain confident in the ability to meet market needs and continue distribution capabilities during this period.
“The outbreak and rapid proliferation of the coronavirus has disrupted the global marine market and our business. The prudent and necessary response to the spread and threat of the virus by national, state and local authorities across the globe has included measures that we believe will influence near-term marine demand and consumer access, said David Foulkes, Brunswick Corporation Chief Executive Officer. “We have and plan to continue diligently following the CDC and other health agency guidelines to protect our organization and we believe that temporarily suspending our production at the major propulsion and boat facilities is consistent with the spirit of these measures and supports the priority we place on the safety and health of our employees and their families. In addition, this action enables us to proactively rebalance supply and demand.”
In response to the coronavirus, Brunswick earlier enacted a broad range of actions that included a work from home program and additional measures to ensure the safety and security of its employees. In addition, the company recently introduced wage continuation programs to assist employees affected by a coronavirus-related business interruption.
The schedule changes will begin to take effect on Monday, March 23 and are expected to range from two to three weeks in duration depending on the specific circumstances for each brand, model and operation. The company intends to continue to staff and support distribution, customer service and other critical operations during this period strictly following the agency guidelines for safe operations.
“We plan to continue monitoring the situation and taking the necessary actions in the best interest of our employees, customers, investors, communities where we operate and all our stakeholders,” concluded Foulkes.