Brief: MCH Group Says Impact Of Coronavirus Does Not Endanger Stability

MCH AG

06/03/2020 17:14

March 6 (Reuters) - MCH GROUP AG  MCHN.S :
    * IMPACT OF CORONAVIRUS OUTBREAK DOES NOT ENDANGER STABILITY
OF
COMPANY
    * HAS DECIDED ON VARIOUS STEPS TO REDUCE HUMAN RESOURCES
COSTS,
INCLUDING REDUCTION OF OVERTIME AND HIGH HOLIDAY BALANCES, AND A
TEMPORARY FREEZE ON HIRING NEW EMPLOYEES
    * INITIATION OF FURTHER COST-CUTTING MEASURES
    * CURRENT SITUATION IS NOT AFFECTING IMPLEMENTATION OF NEWLY
DEFINED STRATEGIC ALIGNMENT

Source text for Eikon:  ID:nGNE81cvgP 
Further company coverage:  MCHN.S 

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