Brief: Eneco Energy Implements Wage Freezes For More Than 400 Employees In 2020
20/05/2020 10:43
May 20 (Reuters) - Eneco Energy Ltd ENEC.SI :
* TO DATE, LOGISTICS BUSINESS REVENUE CURRENTLY WITHIN A +/-
10%
RANGE OF 2020 TARGETS
* IMPLEMENTED WAGE FREEZES FOR MORE THAN 400 EMPLOYEES IN
2020 AND
A HEADCOUNT FREEZE
* OIL & GAS BUSINESS CONTINUES TO REFLECT FURTHER SOFTENING
OF
PRODUCTION VOLUMES & REVENUES
* ON OIL & GAS BUSINESS, COST BASE HAS BEEN REDUCED
SIGNIFICANTLY
FOR SECOND HALF OF 2020
Source text for Eikon: ID:nSNZ8Cc67y
Further company coverage: ENEC.SI
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