Brief: Freightways Sasy Businesses In NZ Are All Classed Either As Essential Services Or Suppliers To Essential Service

Freightways

01/04/2020 02:30

April 1 (Reuters) - Freightways Ltd  FRE.NZ :
    * BUSINESSES IN NZ ARE ALL CLASSED EITHER AS ESSENTIAL
SERVICES OR
SUPPLIERS TO AN ESSENTIAL SERVICE
    * TOO EARLY TO PREDICT THE IMPACT ON FY RESULTS
    * REDUCING OUR WAGE/SALARY BILL TO 80% OF NORMAL LEVELS FOR
APRIL
    * SEEN A 65% DECREASE IN HUB & EXPRESS PACKAGE VOLUMES IN
FIRST
FEW DAYS OF LOCKDOWN

Source text for Eikon:  ID:nNZW8mJQ67 
Further company coverage:  FRE.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))