In a press statement, Pirelli said it is "a necessity to introduce a reduction in working hours for all our production employees in tandem with an extended shutdown over the Christmas and New Year period….Due to the volatility in the world markets there is a weekly review of the situation and further adjustments to production may be required." However the statement added that "Pirelli Industrial in the UK is faring better than the majority of our competitors and has not currently faced the level of shutdown and reduction they are experiencing."