Eugene Tiah, executive chairman of Massy Energy and Industrial Gases, talks to The Energy Year about how the company is coping with the Covid-19 crisis. Massy Energy and Industrial Gases works to provide industrial gases regionally and is part of the Massy Group which is comprised of about 60 companies that work in the Caribbean and Colombia.
What opportunities may emerge once the pandemic is brought under control?
This will vary for our business lines. For the energy services businesses, as clients’ facilities resume normal operations there will we opportunities to execute work that has been deferred. For the gases businesses, there may be opportunities to capture market share if competitors are not able to weather the storm as well as we are able to.
How can you protect employees and ensure a thriving remote workplace?
A lot is captured in our response plans. Additionally, we strongly encourage all of the work teams to remain connected via the various IT platforms and constantly check in on each other to see how everyone is coping and to address any needs that arise. We also have plans in place for businesses that are having cashflow problems and need additional support.
Our goal is to minimise the need for any layoffs or furloughing of employees. In situations of acute cashflow challenges where there is little or no revenue to meet ongoing payroll costs, this may mean “pain sharing” by employees and the shareholders to weather the difficult period.
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