ST. LOUIS — Emerson released the following statement about its operations in Russia and Ukraine.
Tagged with Biggest News, Emerson, Russia, Ukraine
We are deeply concerned about the Russia military actions and the humanitarian crisis in Ukraine. Our number one priority remains the safety and well-being of our employees and their families in the region.
We have curtailed our operations to comply with all U.S. and other applicable international sanction laws and regulations and stopped all new investments in Russia.
Emerson has announced our decision to exit our Russia business and, as part of this exit, we are exploring strategic options to divest Metran, our Russia-based manufacturing subsidiary. We are committed to an orderly transfer of these assets and will support our employees through this process.