Effects of COVID-19 Pandemic
Adient PLC experienced a decrease in revenue of 23.4% in 2020. This is due to the limited transportation because of COVID-19 related restrictions. In order to keep up with this, the company laid off may employees and closed some production sites to reduce the expenses and minimize the hard blow from the pandemic.
COVID|LaborIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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