Dassault announces suspending business operations in Russia
On March 9, 2022 Dassault Systemes SE (Dassault) announced that the company stands with the people of Ukraine and will suspend the company's business operations in Russia. However, the company notes that they will provide the necessary support for their colleagues in Russia. Additionally, Dassault states that they have complied with European and international rules of conduct and sanctions. For example, strict export controls were applied and many aspects of the company's business in Russia have ceased. Additionally, Dassault states that they have taken measures to support employees who have family members in Ukraine.
StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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