Impact on companies and the virus

ABB is a travel to the provinces of Wuhan and the Hubei province is prohibited. This is in line with the existing restrictions imposed by the chinese government, in order to prevent the spread of the virus. In order to protect the employees and the customers, there are also restrictions on transfers to and from mainland China and Hong kong, where the only travel that is considered business-like, necessary to allow or require the approval, in advance. In addition, all of who have lived in mainland China and Hong kong to work away from home for at least 14 days before they are allowed to enter at ABB's premises. This applies to our employees, our customers and our partners. The company has informed the employees and other stakeholders. They're on the road, has been given the information via a smart phone application. ABB is monitoring the situation and will be updating the staff with additional guidance, if necessary. ABB has around 100 staff members in Wuhan, and 20,000 in total in China. . ”

”Our employees ' safety is our number one priority, and the H&M group is following the recommendations from the world health organization, local authorities and SOS International. We are monitoring the situation closely and has taken a number of preventive measures. We communicate regularly with our employees about the situation and what precautions they should take in order to reduce the risk of infection. We are currently in the majority of the shops were closed and the affected employees in those stores will retain their salary according to their contracts. We've also stopped travelling, both in China and in the country.”

”We have postponed business trips to and from China to and for employees who are returning from a business trip to China work from home for two weeks as a precautionary measure. We follow the guidelines of the authorities in the respective countries, and from different regions in China, and will continue to adjust our actions accordingly. In line with the rules set out by the local authorities, our employees have not returned to work yet, but they are able to work from home, do so. Employees who have not been able to get back to work on the basis of the current situation, it has received extra days of vacation.”

as of the 30th of January, keeping in IKEA, all of the 30 stores in China, is temporarily closed. This decision is valid until further notice and has been taken after careful consideration and in view of the situation. We are monitoring the situation carefully, and our decision to keep stores closed until further notice. The affected IKEA's co-workers may stay at home until further notice, with no increase in wages. Employees are also informed about what they can do to protect yourself and reduce the risk of infection. IKEA in China is following the developments closely, it is working proactively with the authorities in the affected regions, and to act in accordance with their recommendations. Local group (the largest franchisee of IKEA brand, the driver is 90% of all IKEA stores in the world and has been since the 26th of January and instituted a ban on travel for all business trips to and from China, which is in effect until further notice.”

”We have informed our staff that they should postpone or cancel any trips to China, and in China. In line with the local authority's recommendations, we have also extended the period of leave as from the day of 10 February, as a security measure. This week, we will make decisions on an ongoing basis as new information arrives. The health course as the first. We have asked the people who are coming home from China to keep themselves isolated and working away from home, if you can, in two weeks ' time. It is important to avoid unnecessary contact, just in case.”

”Ericsson, are closely following developments in China closely, and to follow the recommendations of the government and other official sources such as the WHO and the MINISTRY of foreign affairs and Folkhälsomyndigheten, travel, health, etc, Given the circumstances, we have decided to minimize travel to and from China, and for the first time to set up a non-mission-critical business trips. For travel within China, the chinese authorities have imposed restrictions on the travel. We have also decided that the employees who have recently traveled to or are coming back from China to work in his or her home or to the hotel at least 14 days. Employees in China are not expected to come into the office the next week. We are monitoring the situation and will update the actions whenever we see that there is a good reason to do so. We are increasing the information provided to our staff in China, for example, if the hand hygiene, cleanliness of the premises, to comply with the authorities ' recommendations, etc.”

the Economist said: Coronavirus, can reduce the growth rate of 1-3 per cent.