Brief: CEWE Plans Short-Time Work As Of April 1

CEWE Stiftung & Co KGaA

31/03/2020 11:31

March 31 (Reuters) - CEWE STIFTUNG & CO KGAA  CWCG.DE :
    * CEWE TAKES FURTHER ACTION AGAINST POTENTIAL CORONAVIRUS
EFFECTS
    * SUBMIT NOTIFICATION OF SHORT-TIME WORK AS OF 1 APRIL 2020
    * PROPORTION OF SHORT-TIME WORK MAY VARY QUITE DISTINCTLY IN
DIFFERENT CORPORATE AND OPERATIVE DIVISIONS
    * ARRANGEMENT WILL APPLY FOR ALL THREE BUSINESS SEGMENTS OF
RETAIL, PHOTOFINISHING AND COMMERCIAL ONLINE-PRINT
    * BOARD OF MANAGEMENT AND EMPLOYEE REPRESENTATIVES CONCLUDED
AGREEMENTS ENABLING CAPACITIES TO BE SPECIFICALLY AND FLEXIBLY
ADAPTED IN EVENT OF A LACK OF WORK AS A RESULT OF CORONAVIRUS
CRISIS
    * IMPOSSIBLE TO MAKE ANY RELIABLE FINANCIAL FORECASTS FOR
COMING
MONTHS OR FOR YEAR AS A WHOLE

Source text for Eikon:  ID:nEQ93ftqHa 
Further company coverage:  CWCG.DE 

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