Top Turkish exporters suspend production on COVID-19
Three top exporting firms became the latest major businesses to suspend manufacturing in Turkey, citing the impact of the COVID-19 outbreak, Diken news website reported.
Oyak Renault, a partnership between French carmaker Renault and a Turkish military retirement fund, said it was halting production in steps and resumption would depend on domestic and global developments, Diken said on Thursday.
The company joins other big motor vehicle producers in Turkey including Otokar, Honda, Ford Otosan and Toyota Türkiye in announcing a halt to manufacturing. The closures of major production lines in the country present a challenge to the government, which is urging businesses to continue operating and make use of financial aid and other incentives it announced last week.
Vestel, which is one of Turkey’s biggest producers of televisions and domestic appliances, said it would stop manufacturing between March 30 and April 5, Diken said. It cited delays in orders from clients in Europe, its biggest market.
Anadolu Isuzu, a maker of trucks and other commercial vehicles, will not operate for nine days from March 30 and will operate a short working week until the end of June.