Jerome Dorlack: Well, that’s — I think when I think about it, I look at two of the regions. And I think we’re relatively comfortable or confident in our cost structure that exists today. So I think of Asia and the Americas. And so we kind of risk profile that, we don’t believe there’s further actions. The one area as we indicated is what the recovery looks like in Europe and whether that’s going to dictate that. We accelerate actions in that region to change our breakeven profile there and the corresponding cost associated with doing that and that’s what we’re in the midst of assessing right now. I think what we’ve also demonstrated that is — that as some of the volume — non-volume related cost persist. I think, we’ve demonstrated that, we know how to go and settle that with our customers in a relatively short period of time.
So either, the cost dissipates what — to a certain degree, what we’ve been experiencing with energy costs in Europe, which means we don’t have to go and recover that. So results itself or where it remains in place then the conversation changes with the customer and that these are structural costs that were originally envisioned in our business and they have to be addressed.
Emmanuel Rosner: Perfect, thank you.
Jerome Dorlack: Thank you.
Operator: Our final question comes from Adam Jonas with Morgan Stanley. Your line is now open.
Evan Silverberg: Good morning, everyone. Evan Silverberg on behalf of Adam Jonas. Looking at the supply disruption being seen at the OE customers outside the COVID, are there any key issues, your customers are highlighting.
Doug Del Grosso: I think the one issue that they continue to highlight to us is there is some residual electronics more semiconductor-related that impact them and then the, probably the biggest issue is supply chain labor and that’s everywhere for different reasons in China. I think that’s a bit of the concern on the recovery there is as you go through the supply chain will labor be an issue there as workers return to work. Similarly in Europe, as we kind of recalibrate labor cost there and labor availability, particularly in Eastern Europe that can be disruptive to the supply chain as well as in the U.S. Semiconductors, clearly there is an improved level of performance there. Labor is still a bit of a wildcard. And it’s just how it manifests itself within the supply chain and not only the Tier 1 but Tier 2 and Tier 3.
Evan Silverberg: Thanks for that. Obviously, you guys are a step removed from the semi-issue, but is there any color you can provide on whether the OEs are saying it’s a specific type of semiconductor that short or whether it’s across the board? Thank you.
Doug Del Grosso: It’s more the feedback we get, it’s across the board. And no sooner to that they think they have one issue solved and another issue arises that they didn’t quite completely comprehend.
Mark Oswald: Great. Thanks, Evan. And Danielle, it looks like we’re at the bottom of the hour. So, this will conclude the call today. If you have additional questions or any follow-up questions, Eric and I will be available. Just feel free to reach out and we’ll talk soon. Thanks again for participating.
Operator: That concludes today’s conference. Thank you all for your participation. You may disconnect at this time.
