MILWAUKEE Rockwell Automation, Inc. said Wednesday it is taking some measures such as eliminating discretionary spending during the coronavirus pandemic.

Blake Moret, chairman and chief executive officer, stressed the importance of employees well-being.

Rockwell Automation operates from a strong financial position. While our fiscal second quarter sales held up well despite significant pressure from China in the quarter, we expect that as COVID-19 impacts more countries and economies, we will face lower demand in many of our served industries for a period of time, Moret said. As a result, we are taking preemptive actions to align the companys cost structure with this environment. We are doing so in a way that minimizes workforce reductions and enables us to continue making strategic investments in technology and domain expertise that are important to Rockwell Automations success over the long-term.

In response to the COVID19 pandemic, Rockwell Automation currently anticipates no payout for its incentive compensation plans for fiscal 2020, is eliminating discretionary spend across the organization, and is instituting other temporary cost actions that will be effective in most worldwide locations by the beginning of May.

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Rockwell Automation taking measures to address COVID-19 pandemic - Greater Milwaukee Today