March 24 (Reuters) - Bombardier Inc BBDb.TO :
* BOMBARDIER ANNOUNCES TEMPORARY SUSPENSION OF WORK AT ITS CANADIAN OPERATIONS; SUSPENDS 2020 FINANCIAL GUIDANCE
* BOMBARDIER - EMPLOYEES IMPACTED BY TEMPORARY SHUTDOWNS WILL BE PLACED ON FURLOUGH
* BOMBARDIER - SUSPENSION INCLUDES BOMBARDIER'S AIRCRAFT AND RAIL PRODUCTION ACTIVITIES IN PROVINCES OF QUEBEC AND ONTARIO.
* BOMBARDIER - DURING FURLOUGH PERIOD, BOMBARDIER'S CEO AND SENIOR LEADERSHIP TEAM WILL FORGO THEIR PAY
* BOMBARDIER - CHAIRMAN AND MEMBERS OF BOMBARDIER'S BOARD OF DIRECTORS HAVE AGREED TO FORGO BOARD COMPENSATION FOR REMAINDER OF 2020.
* BOMBARDIER - WILL SUSPEND NON-ESSENTIAL WORK AT MOST OF CANADIAN BASED OPERATIONS UNTIL APRIL 26, INCLUSIVELY
* BOMBARDIER - CORPORATE OFFICE EMPLOYEES WHOSE SUPPORT FUNCTIONS ARE LESS CRITICAL IN SHORT-TERM WILL BE PLACED ON FURLOUGH DURING TEMPORARY SHUTDOWN
* BOMBARDIER - HAS CUT ALL DISCRETIONARY SPENDING
* BOMBARDIER - CONTINUING WORK ON CLOSING PREVIOUSLY ANNOUNCED TRANSACTIONS AND IS PURSUING ADDITIONAL MEASURES TO ENHANCE LIQUIDITY