April 20 (Reuters) - McCoy Global Inc MCB.TO :
* MCCOY GLOBAL ANNOUNCES BUSINESS UPDATE
* MCCOY GLOBAL - IMPLEMENTED EMPLOYEE HEADCOUNT REDUCTIONS
* MCCOY GLOBAL - IMPLEMENTED SALARY, WAGE CUTS ACROSS ALL LEVELS OF ORGANIZATION, INCLUDING BOARD & PRESIDENT & CEO CUTS OF 25%, 20% CUTS FOR OTHER EXECUTIVES
* MCCOY GLOBAL - BUDGETED 2020 CAPITAL EXPENDITURE FOR PRODUCTION AND RENTAL FLEET REDUCED BY 80%
* MCCOY GLOBAL - BUDGETED 2020 CAPEX ON CORPORATION'S DIGITAL TECHNOLOGY ROADMAP REDUCED BY 60%, PRIMARILY RELATED TO EXTERNAL EXPENDITURES
* MCCOY GLOBAL - AGGREGATE OF IMPLEMENTED ACTIONS TO DATE WILL RESULT IN ESTIMATED ANNUALIZED SAVINGS OF CAD$6.5 MILLION