The global impact of COVID 19 is at the forefront of all our minds. At Meggitt, our top priority is the safety of all our teams worldwide, their families and communities. In these uncertain times we would like to reassure you that we are constantly evolving our contingency plans to ensure we adhere to WHO, local and international guidelines and help prevent the spread of this infection, protecting colleagues, customers and suppliers around the world.
In many of the regions we operate, local government authorities have acknowledged that Meggitt is an essential industry, supporting critical infrastructure and key industry sectors, and we remain dedicated to serving the needs of all our customers. It is important that we keep communication channels open and we will be using this page to provide updates on how we are managing this situation.
In line with regional and international guidelines, we have introduced a number of measures to help keep employees safe and manage business interruption. We will do our utmost to support employees with families who are affected by school and child care closures. Where possible we have enabled our support teams to work from home, using virtual meeting tools and collaboration zones. On site, our manufacturing colleagues are adhering to social distancing advice to enable them to safely manufacture, repair and service product. We remain in contact with all our local health authorities and continue to distribute the most up-to-date health service advice to all employees. Additionally, we are increasing the number of anti-bacterial/viral fluid dispenser stations and disinfecting communal touch surfaces on a more frequent basis.
At all our sites we are advising any team member experiencing cold or flu like symptoms to self-isolate as a precautionary measure for the recommended 14 day incubation period to prevent spread of infection. If an employee tests positive we are committed to working closely with the local department of health to identify any colleagues who may have been in close contact, ensuring they self-isolate. Our sites have also helped each other by shipping face masks to sites in other regions.
We are constantly monitoring the travel advice provided by international and regional authorities and adjusting our policy accordingly. At this point, we have introduced a general travel ban, and postponed all non-essential site visits. All visitors deemed essential must undergo additional screening during the crisis. We appreciate your understanding, this is necessary to protect our own site population.
Our business continuity plans have been implemented and our sites are currently operational, whilst observing all national and local authority guidelines on social distancing. Additional measures are being assessed and implemented internally to ensure the health and safety of our employees and to safeguard our long term business. We remain in close contact with our customers and suppliers and are working together to minimise the impact on their operations.
On 19 March, Meggitt PLC confirmed our financing and liquidity status, but withdrew our 2020 guidance to the markets given continued uncertainty caused by COVID-19. On 27 March, we announced that the Board has withdrawn the recommendation to pay the 2019 final dividend. Click this link to read the latest update on our Q1 trading performance.
We are doing everything possible to ensure the health and safety of employees and their families, while meeting commitments to customers and working closely with our suppliers. We are in constant dialogue with our supply base so that we can anticipate any issues. Our aim is to minimise business interruption but, as we all acknowledge, the situation is very fluid. Deliveries are continuing to customers as planned but as deviations to agreed scheduling commitments arise, we will convey these directly to those customers and suppliers that are impacted and work together to find a solution.
We will be regularly updating this page so please visit again for the latest news. In the meantime if you have any questions or concerns please email: email@example.com