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H.C. Starck Tungsten GmbH introduces short-time work as of July

Initially for three months – ongoing assessment of the situation

Goslar, June 24, 2020 – H.C. Starck Tungsten GmbH is putting some of its approximately 340 employees on short-time work at the Goslar location as of July 1. This is expected to last until the end of September. In addition to several administrative departments, it mainly affects scrap recycling and the chemical processing of raw materials. The production of tungsten metal and tungsten carbide will continue part-time for now. An annual maintenance shutdown was planned for the two aforementioned production areas regardless. To minimize the negative effects of the current situation on the staff and on business performance, the company has decided to move the maintenance work forward to the end of September. “Our tungsten products are used, for example, in the production of milling, boring, and cutting tools. Market developments in, say, the automotive or electronics industry, which use these tools, generally reach us after a certain delay,” explains CEO Dr. Hady Seyeda. “As a result, we are now feeling the full force of the disruptions caused by the coronavirus crisis. We have therefore decided, with a heavy heart and in constructive consultation with the works council, to take this step.” The management reports that it will observe the development closely and, if necessary, make new decisions in consultation with the works council. “We naturally hope to be able to restart at the beginning of October,” says the CEO.