Coronavirus Industry Update

Welcome to the Elevator World News Podcast. Today’s podcast news podcast is sponsored by elevatorbooks.com: www.elevatorbooks.com CORONAVIRUS INDUSTRY UPDATE ELEVATOR WORLD (EW) has been the vertical-transportation industry’s source for news and information for 67 years, and we aim to continue to be during the coronavirus pandemic affecting readers, advertisers, employees, contributors and associates around the world. With magazines in the U.S., India, the Middle East, Turkey, Europe and the U.K. and a strong online presence, EW has a wide reach. We will share your company news as often as it comes in, so please send it to us at email. Current updates include: - Otis management discussed and analyzed its financials, including challenges presented by COVID-19, in a tax filing reported by outlets including MarketScreener. The company said it intends to manage its cashflow through “measures that include, but are not limited to, reducing our discretionary spending, reducing payroll costs and restructuring.” - India’s Johnson Lifts & Escalators has announced that all its major branches and 174 service centers resumed operations on May 11. - Orona, a Spanish manufacturer of elevators and escalators, partnered with the Basque government on the JAKIORO project, which delivered 2,000 meals to vulnerable families through the Red Cross. - The National Post is among the latest publications to delve into office elevator issues including capacity and cleanliness as employees go back to work. Image credit: courtesy by Mohamed Hassan for Pixabay To read the full transcript of today's podcast, visit: elevatorworld.com/news Subscribe to the Podcast: iTunes │ Google Play | SoundCloud │ Stitcher │ TuneIn