HeidelbergCement’s virus measures
(Posted on 22/04/20)
In response to the profound effects of the Corona virus, HeidelbergCement has agreed with the works council and employee representatives to introduce short-time work for its employees in Germany. Initially, the short-time working regulations primarily affect employees from the Group's head office in Heidelberg. The extent of short-time work is determined for employees depending on the loss of work and can be up to 100 percent.
In addition, the Supervisory Board and the Management Board of HeidelbergCement have decided to voluntarily waive 20 percent of their fixed salaries in the second quarter of 2020. Dr. Dominik von Achten, CEO of HeidelbergCement AG, said: “In addition to the necessary cost savings, this is a clear sign of solidarity in the company, especially with our foreign subsidiaries. We all have to do our part to cope with the difficult situation around Covid-19 as best as possible. The aim is to extend this voluntary sign of solidarity to the next management level in the company."
In the corporate headquarters as well as in many national affiliates of HeidelbergCement, the management has called on managers to take a similar, voluntary solidarity action and has received broad commitment. In countries where comparable instruments for short-time work are available, the company also uses them.
In mid-March, the board had already agreed with the works council on company holidays for the head office in Heidelberg until the end of April 2020. Many foreign subsidiaries had already started reducing working hours and adjusting the number of employees as needed at the beginning of March.
Annual General Meeting scheduled for 4 June 2020
HeidelbergCement plans to hold the company's Annual General Meeting on 4 June 2020 as a purely virtual event without the physical presence of shareholders and shareholder representatives. The HeidelbergCement Annual General Meeting was originally scheduled for May 7, 2020. Thanks to the virtual format made possible by the legislator this year, the company's general meeting can now take place with only a slight delay.
Latest News
US soy and Uzbekistan sign MoU to expand trade
(Posted on 02/12/25)The American Soybean Association’s World Initiative for Soy in Human Health programme and the... Read more
KNAC and Rio Tinto sign updated agreement
(Posted on 02/12/25)Karlka Nyiyaparli Aboriginal Corporation (KNAC) Registered Native Title Body Corporate and Rio Tinto... Read more
OCI Global announces sale of OCI Ammonia Holding to AGROFERT
(Posted on 02/12/25)OCI Global, a leading global producer and distributor of nitrogen products has announced that it has... Read more
Court of Appeal confirms permit for new steel plant in Luleå
(Posted on 24/11/25)In December 2024, SSAB was granted a permit by the Land and Environment Court at Umeå District... Read more
Simandou partners celebrate start of operations
(Posted on 15/11/25)The President of the Republic of Guinea has joined project partners WCS1, Baowu, Chinalco and Rio Tinto... Read more
GSC launches mining advisory division, strengthening global investment capabilities
(Posted on 10/11/25)GSC (Global Strategic Commodities) has announced the launch of its dedicated mining advisory division... Read more
SSAB issues first green bonds amounting to SEK2,800m
(Posted on 10/11/25)SSAB AB has successfully issued its inaugural green bonds under its EUR 2 billion EMTN programme, dated... Read more
Anglo American publishes shareholder circular for merger with Teck
(Posted on 10/11/25)On 9 September 2025, Anglo American plc and Teck Resources Limited announced that they had reached an... Read more
Bunge closes agreement to acquire NWT grain elevator assets
(Posted on 04/11/25)Bunge has successfully closed its purchase agreement for the grain elevator assets of North West Terminal... Read more
NGFA applauds Senate committee for advancing Grain Standards Act reauthorisation
(Posted on 27/10/25)The National Grain and Feed Association (NGFA) in the USA has applauded the Senate Agriculture Committee... Read more
