🚀 ProPicks AI Hits +34.9% Return!Read Now

BRIEF-Bombardier Announces Temporary Suspension Of Work At Its Canadian Operations Suspends 2020 Financial Guidance

Published 2020-03-24, 09:19 a/m
© Reuters.
BBDb
-

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.