Brief: Indigo Books And Music Says COVID-19 Pandemic Expected To Have A Material Impact On Financial Performance For Fiscal 2021
13/04/2020 14:51
April 13 (Reuters) - Indigo Books and Music Inc IDG.TO :
* INDIGO PROVIDES BUSINESS UPDATE ON COVID-19 PANDEMIC
* INDIGO BOOKS AND MUSIC INC - ONGOING COVID-19 PANDEMIC IS
EXPECTED TO HAVE A MATERIAL IMPACT ON FINANCIAL PERFORMANCE FOR
FISCAL 2021
* INDIGO BOOKS AND MUSIC - MADE DECISION TO TEMPORARILY
LAY-OFF
5,200 RETAIL EMPLOYEES AFTER PAYING WAGES FOR ALL SCHEDULED
SHIFTS UP UNTIL END OF MARCH
* INDIGO BOOKS AND MUSIC INC - HAS RETURNED ABOUT 545
SALARIED
RETAIL LEADERSHIP EMPLOYEES TO ITS PAYROLL EFFECTIVE APRIL 12
Source text for Eikon: ID:nCNWJs7xga
Further company coverage: IDG.TO
((Reuters.Briefs@thomsonreuters.com;))
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