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Item 1A. Risk Factors
As a result of current public health conditions in the region we operate, the Company has lowered the priority of the risk of widespread outbreak of diseases from the third highest risk as presented in the Form 10-K filed on November 21, 2024, to a risk between work stoppage or other interruptions of production at our facilities as a result of disputes under existing collective bargaining agreements with labor unions or in connection with negotiations of new collective bargaining agreements, as a result of supplier financial distress, or for other reasons and changes in our financial obligations relating to pension plans that we maintain in the United States.
The Company has also restated the risk heading of changes in federal, state, local and international government regulations and trade policies to state changes in federal, state, local and international government regulations and trade policies, including application of tariffs. The content of this risk description as disclosed in the Form 10-K filed on November 21, 2024 has not changed.
The Company has also restated the risk heading of changes in foreign laws and legal systems, including a as a result of Brexit to state changes in foreign laws and legal systems. The content of this risk description as disclosed in the Form 10-K filed on November 21, 2024 has not changed.