Executive Board, management and works council plan temporary shutdown

Bielefeld // Health comes first: Due to the massive impact of the corona crisis, Executive Board, management and works council are planning in close collaboration a temporary shutdown of the European production plants and selected sales and service companies. This temporary interruption serves to protect the health of employees, customers, partners and suppliers as well as to safeguard employment. The shutdown applies from 1 - 30 April 2020.

“The current situation requires a strong joint effort. We are all working together to overcome this unprecedented situation. Our agreement on short-time work allows us to proceed in an orderly manner. In order to emerge from this difficult phase even stronger, we continue to advance our future field of digitization. Our way of working and acting is changing massively. This is being accelerated once again by the corona crisis,” says Christian Thönes, Chairman of the Executive Board of DMG MORI AKTIENGESELLSCHAFT.

Thomas Reiter, Chairman of the Group Works Council of DMG MORI AKTIENGESELLSCHAFT: “The corona crisis has intensified considerably in recent weeks. DMG MORI stands united in these times. As works council, it is important to us to protect the health of all employees and secure jobs during this phase.”

The extent, duration and negative consequences of the corona virus for the economy and industry as a whole are not yet foreseeable. DMG MORI is making a further contribution to the fight against Covid-19 with the temporary interruption of production and wants to secure employment in a phase in which demand is collapsing, many companies are stopping production and risks in the supply chains are increasing.

DMG MORI will do everything in its power to maintain customer support, sales and service. In addition, managing directors and managers are available at any time. The Executive Board, management and works council have agreed jointly on measures for a rapid resumption of production and assembly as well as sales and service as soon as health protection and demand allow. The common goal: to be a strong and reliable partner for customers even in the current situation.

DMG MORI AKTIENGESELLSCHAFT
The Executive Board

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Disclaimer, Forward-looking statement

Forward-looking statements //

This publication contains forward-looking statements, which are based on current estimates of the management regarding future developments. Such statements are based on the management's current expectations and specific assumptions. They are subject to risks, uncertainties and other factors that could cause the actual circumstances including the results of operations, financial position and net worth of DMG MORI AKTIENGESELLSCHAFT to differ materially from or be more negative than those expressly or implicitly assumed or described in these statements. The business activities of DMG MORI AKTIENGESELLSCHAFT are subject to a range of risks and uncertainties, which may likewise render a forward-looking statement, estimate or forecast inaccurate. Should one of these factors of uncertainty or other unforeseeable event occur, or should the assumptions on which these statements are based prove incorrect, the actual results may differ materially from the results expressed, expected, anticipated, intended, planned, aimed at, estimated, projected or implied in these statements. Forward-looking statements must not be understood as a guarantee or assurance of the future developments or events contained therein.

There are two companies using the name “DMG MORI”: DMG MORI AKTIENGESELLSCHAFT with registered office in Bielefeld, Germany, and DMG MORI COMPANY LIMITED with registered office in Nara, Japan. DMG MORI AKTIENGESELLSCHAFT is (indirectly) controlled by DMG MORI COMPANY LIMITED. This release refers exclusively to DMG MORI AKTIENGESELLSCHAFT. If reference is made in this release to “DMG MORI“, this refers exclusively to DMG MORI AKTIENGESELLSCHAFT and its controlled companies within the meaning of Section 17 of the German Stock Corporation Act (Aktiengesetz – AktG). If reference is made to "Global One Company", this refers to the joint activities of DMG MORI COMPANY LIMITED and DMG MORI AKTIENGESELLSCHAFT including all subsidiary companies.