ÅF Pöyry provides an update on the effects of COVID-19 and announces measures
Following the recent market development due to COVID-19, ÅF Pöyry has initiated measures to mitigate future effects on the business. Activities include short-term work allowances, postponed investments and further cost reductions.ÅF Pöyry has broad exposure to a number of industries and markets, and deliveries to the majority of clients are still unaffected. However, the automotive segment in Sweden is affected, and recently three large clients announced a temporary reduction in working hours. As a consequence, some 1 000 consultants will be placed on short-term work allowances, most of