LIQUI MOLY’s Managing Director, Ernst Prost, has issued a job guarantee to his staff amidst the Coronavirus pandemic, stating: “Nobody will be laid off. If need be, I’ll waive my salary.”
At the beginning of the week, Ernst Prost awarded LIQUI MOLY employees with a bonus payment of 1,000 euro, in a bid to “To boost motivation and as a sign of confidence, because in times of crisis this is quickly shaken.”
Now a job guarantee has followed, as Ernst commented: “Fear and worry are hard to live with, let alone accomplish great things. That’s why I promised them that they would not have to suffer financial losses. No one is to be dismissed!”
This will reportedly apply to all employees – in Germany and in the subsidiaries in Spain and Portugal, Italy, France, South Africa and the USA. In addition, there are employees in Denmark, Great Britain, Belgium and the Netherlands, Thailand, China, Japan and India.
He continued: “Not only is business global, so is responsibility. All around the globe, our colleagues must be able to feed their families.”
The top priority for the Managing Director is reportedly to protect the health of his employees and their families. Ernst said: “On the other hand, we are trying to keep operations going for as long as possible. An exhausting but necessary balancing act. As long as this is guaranteed, we will keep production going.”
In addition, it is said to be important for the Managing Director to be able to continue to pay wages and salaries in full and on time. Especially now, despite the fact that, due to the protective measures against the Coronavirus, the decline in orders is said to be drastic and revenues are correspondingly low.
Looking at the current year, LIQUI MOLY must generate a payroll including social security contributions of around 57 million euro. “These are the tasks we have been facing around the clock for days now,” said Ernst. “If the situation demands it, I will forgo my salary. Everyone must make sacrifices; the captain has to set an example, so that the crew can trust him.”