

Turnaround management
Crisis management
Crisis- & Turnaround Management for Companies:
Surviving Covid-19 economically
Support for companies which got hit by corona virus lockdown measures and got in financial trouble. SymbioGen will provide first aid and help you to master the crisis.
Immediate action
Define & set-up crisis workflows
Safeguard liquidity
ensure flow of subsidies
- optimize working capital
- reduce stock levels
- reduce receivables to minimum
- reduce operating cost
- stop / postpone non-essential investments
- negotiate payment
- breaks with banks and suppliers
- set up increased temporary credit lines with banks
Monitor liquidity status on a daily basis
Check and restructure supply chains (where needed)
Install risk management task force (top level responsibilities)
Short-term to mid-term action
Adapt volumes & structures
- review and adjust current year forecasts
- confirm existing / define new strategic approach
- review and adjust 3 year plan (market research updates)
- adjust sales / production facilities to new volume forecasts
- adjust investment planning to new plan
- adjust cost structures to new plan
- capacity checks and qualification reviews for employees
- install risk management structures (management level)