PR84043

SAN DANIELE DEL FRIULI, Italy, May 14, 2020, /PRNewswire=KYODO JBN/--

LimaCorporate announces the Phase 2 plan during the coronavirus worldwide

emergency which includes salaries to be integrated to 100% for all employees on

social shock absorbers as more employees return to the company.

LimaCorporate has continued manufacturing and distribution from their two

facilities in Italy throughout the entire crisis. All other employees have been

working from home ensuring new product development, product registrations and

key value creating activities of the business continue to move forward.  

This week, LimaCorporate announced the continuation of the social shock

absorbers for another nine weeks for Italy, while for subsidiaries worldwide,

the company will use the local forms of social shock absorbers, where

available. But there will be a very important difference, with the support of

the Shareholders and Advisory Board, it has been decided to integrate the

salary of all employees to 100% for the following weeks, even those who have

access to the different forms of social shock absorbers.

"LimaCorporate innovates not only in standard ways through products and

services, but also for our employees. This choice is a demonstration of the

extreme attention and sensitivity of our shareholders and company towards our

employees. We want to restore confidence, starting from the heart of our

organization, and strengthen the sense of belonging among all workers,"

explains Luigi Ferrari CEO of LimaCorporate.

LimaCorporate is also preparing to bring back more employees to the facilities

during Phase 2. In a staged approach, LimaCorporate employees will gradually

return in small groups, where constant monitoring will occur, while others will

remain on smart-working until it is deemed safe for all employees to return.

"We are a company that always sets very ambitious goals, with high expectations

for our employees. With high expectations comes high responsibility and I look

to protect the health and safety for our employees, partners and business

during this next phase," added Mr. Ferrari.

As a further step in stimulating the organization as the company exits from

this crisis, the company is also studying a new incentive system with adjusted

targets for 2020.

"We are slowly seeing a recovery for our business, and we do expect increasing

turnover over the coming months. We must be ready to restart with energy and

enthusiasm, fundamental elements to properly handle the recovery," concludes

Mr. Ferrari.

About LimaCorporate

LimaCorporate is a global medical device company providing reconstructive and

custom-made Orthopedic solutions to surgeons who face the challenges of

improving the quality of life of their patients. Based in Italy, LimaCorporate

is committed to the development of innovative products and procedures to enable

surgeons to select ideal solution for every individual patient. LimaCorporate's

product range includes large joint revision and primary implants and complete

extremities solutions including fixation.

For additional information on the Company, please visit: www.limacorporate.com

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SOURCE: Limacorporate S.p.A.