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Rockwell Automation (NYSE: ROK) announced the immediate suspension of operations and sales in Russia and Belarus in light of the ongoing conflict in Ukraine. The company supports U.S. sanctions and has made a financial contribution to Project HOPE for humanitarian relief. Sales in these countries account for less than 0.5% of total revenue. Rockwell will continue to pay salaries and benefits to its 30 Russian employees, though it has no direct employees in Ukraine or Belarus.
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Sales in Russia and Belarus constitute less than 0.5% of total revenue, minimizing financial impact.
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None.
MILWAUKEE--(BUSINESS WIRE)--
Rockwell Automation, Inc. (NYSE: ROK) announced today that the company is suspending operations and sales in Russia and Belarus, effective immediately.
“Rockwell joins the U.S. government and the global community in condemning Russia’s attack on Ukraine and its citizens,” said Blake Moret, Chairman & CEO of Rockwell Automation, emphasizing that the company supports all U.S. sanctions.
Rockwell has made a financial contribution to Project HOPE to provide humanitarian relief to refugees in Ukraine and neighboring countries and is encouraging employees to help in a variety of ways. Rockwell will match employee donations made to Project HOPE and is offering paid time off to support local volunteer efforts.
Sales to Russia and Belarus represent less than 0.5% of Rockwell’s total revenue. The company will continue to pay salaries and benefits for its roughly 30 Russian team members. Rockwell does not directly employ anyone in Ukraine or Belarus.
About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 24,500 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com.
