Brief: BK Technologies Committed To Workforce Reductions Of About 18%
05/05/2020 11:53
May 5 (Reuters) - BK Technologies Corp BKTI.A :
* BK TECHNOLOGIES CORP - ON MAY 4, COMMITTED TO WORKFORCE
REDUCTIONS OF ABOUT 18%
* BK TECHNOLOGIES CORP - EXPECTS TO INCUR AN AGGREGATE OF
ABOUT
$221,000 IN SEVERANCE COSTS RELATING TO THE WORKFORCE REDUCTIONS
* BK TECHNOLOGIES CORP - THESE COSTS WILL BE RECOGNIZED IN
Q2 OF
2020 AND WILL BE PAID OVER NEXT FIVE MONTHS
Source: (https://bit.ly/2W3Toor)
Further company coverage: BKTI.A
((Reuters Messaging: Reuters.Briefs@thomsonreuters.com))
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