STOCKHOLM, April 15, 2020 /PRNewswire/ -- Neonode Inc.
(NASDAQ: NEON) is responding to the COVID-19 developments to ensure
that we can continue to support our customers and take care of our
employees.
The company closely follows and co-operates with the national
authorities in countries where Neonode is present including the
Swedish Public Health Agency's (Folkhälsomyndigheten) guidelines
and recommendations to help prevent the spread of the virus and
support employees who have the ability to work from home to do so.
To mitigate the financial effects of the COVID-19 outbreak, certain
cost-reduction measures have been taken. In particular, a Swedish
government-backed program of short-term layoffs has been
implemented, reducing staff working hours by 20%. The aim is to
retain our staff and rapidly gear up again when the situation
improves. For more information on this program, see
https://tillvaxtverket.se/english/short-time-work-allowance.html.
"I'm extremely proud of the entire Neonode team for coming
together and taking care of one another and our customers during
these unprecedented times," says Urban
Forssell, CEO of Neonode.
For more information, please contact:
Investor Relations
David Brunton
E-mail: david.brunton@neonode.com
Chief Executive Officer
Urban Forssell
E-mail: urban.forssell@neonode.com
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/neonode/r/neonode-s-covid-19-response,c3088313
The following files are available for download:
https://mb.cision.com/Main/17297/3088313/1229919.pdf
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SOURCE Neonode