November 30, 2023


World Business Inquiries

IMI suspends operations in Mexico

1 min read

IMI income declined in H1

Ayala-led electronics manufacturing service provider IMI has suspended operations in Mexico in line with measures adopted by the government to curb the coronavirus (COVID-19) pandemic.

Mexico – which contributes about 13 percent to the group’s total revenues globally – will shut down regular operations until April 30 this year, IMI disclosed to the Philippine Stock Exchange on Friday.

“The Mexican government has broadened its shutdown of ‘non-essential activities’ to the private sector to address the COVID-19 situation in the country.

A skeleton workforce will still be deployed to support critical business activities during this period, the company said.

“The IMI management team is coordinating with government agencies to explore the possibility of expanding the scope of ‘essential activities’ to our local operations in the region,” IMI said.

“IMI will continue to ensure the health, safety and welfare of its employees and will abide by the guidelines mandated by government.”

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Source Article | Newsphere by AF themes.