March 27 (Reuters) - Boyd Group Services Inc BYD.TO :
* BOYD GROUP SERVICES INC. UPDATES ON COVID-19 PANDEMIC
* BOYD GROUP SERVICES - EXPERIENCED SIGNIFICANT COVID-19 RELATED REDUCTIONS IN DEMAND
* BOYD GROUP SERVICES INC - ESTIMATES DEMAND TO BE DOWN IN RANGE OF 40% TO 50% FROM NORMAL LEVELS
* BOYD GROUP SERVICES INC - TO EXTENT THAT DEMAND CHANGES, EITHER POSITIVELY OR NEGATIVELY, STAFFING LEVELS WILL BE ADJUSTED ACCORDINGLY
* BOYD GROUP SERVICES INC - FULLY DRAWN ON AVAILABLE FINANCING FACILITIES, OTHER THAN SWING LINES OF US$40 MILLION AND AN ACCORDION FEATURE OF US$275 MILLION
* BOYD GROUP SERVICES - WEAKENING OF DEMAND IN RECENT DAYS, HAS RESULTED IN PAINFUL DECISION TO TEMPORARILY LAYOFF SOME OF WORKFORCE