March 27 (Reuters) - SNC-Lavalin Group Inc SNC.TO :
* SNC-LAVALIN PROVIDES A FURTHER UPDATE ON COVID-19, AND GIVEN UNPRECEDENTED GLOBAL UNCERTAINTY, WITHDRAWS ITS 2020 FINANCIAL OUTLOOK
* SNC-LAVALIN GROUP INC - ALL SNC-LAVALIN'S EXECUTIVE LEADERSHIP WILL BE TAKING A 20% REDUCTION IN SALARY
* SNC-LAVALIN GROUP INC - MANAGEMENT IS UNDERTAKING ACTIONS AND MEASURES TO ALIGN COST BASE OF COMPANY TO DELIVER COST SAVINGS AS WE START Q2
* SNC-LAVALIN GROUP INC - BOARD MEMBERS WILL TAKE A 20% REDUCTION IN CASH COMPENSATION FOR Q2
* SNC-LAVALIN GROUP INC - AT END OF Q4 OF 2019 SNC-LAVALIN HAD CASH AVAILABLE OF $1.2 BILLION AND A $2.6 BILLION REVOLVING CREDIT FACILITY
* SNC-LAVALIN GROUP INC - DISCRETIONARY EXPENDITURE NOT REQUIRED TO DIRECTLY SUPPORT CLIENT DELIVERY IS BEING SIGNIFICANTLY REDUCED
* SNC-LAVALIN GROUP INC - CAPITAL EXPENDITURE IS FROZEN
* SNC-LAVALIN - WHERE IT IS NOT POSSIBLE FOR EMPLOYEES TO CARRY ON CLIENT WORK, REMEDIAL ACTIONS ARE BEING TAKEN, INCLUDING REDUCED HOURS, FURLOUGHS
* SNC-LAVALIN GROUP INC - CLOSELY MONITORING SITUATION WITH REGARD TO LSTK INFRASTRUCTURE PROJECTS