(Alliance News) - OSAI Automation System Spa has announced that it has initiated an application for the use of the ordinary layoff fund.

The decision comes as a result of the negative impacts generated on orders for 2024, the continuing slowdown in the semiconductor sector, and the temporary slippage of orders related to the current uncertainties affecting major global customers in the e-mobility market.

The company believes that CIGO, as an instrument of managerial flexibility, "is currently the most appropriate and capable tool to ensure the coverage of the days not worked for the current year, while still allowing to preserve the economic-industrial sustainability of the area, also in function of the financial commitment made by OSAI over the last few years through strategic investments that aim to support and expand its business in the near future," OSAI explained.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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