Bridgestone has become the latest supplier to suspend manufacturing in Russia.
A statement from the company said:
“Over the last weeks, we have been deeply affected by the war in Ukraine and its impact on many innocent people including our own employees and partners. We condemn any form of violence and hope that peace can quickly be re-established. Our primary concern in this crisis, is the safety of our employees and their families.
Bridgestone has been carefully assessing the impact of this challenging situation. As a result, we decided to suspend our manufacturing activities in Russia, until further notice. The decision will take effect next Friday 18 March after the necessary preparations. The company has also decided to freeze any new investments and suspend all exports to Russia with immediate effect.
We continue to care for our more than 1000 employees in our passenger tyre production plant in Ulyanovsk and our sales offices. Therefore, we will support our employees financially at this time.
As the situation further unfolds, Bridgestone’s global and regional management will continue to closely monitor the situation and flexibly adapt plans when needed. We expect manufacturing output outside Russia to remain stable in the coming weeks”.
The firm added that it had made a donation of €1m to the Red Cross and €2.5m to the UNHCR.