Brief: Uni-Select Says Made Difficult Decision To Furlough About 50% Of Its Employees Across All 3 Business Units
20/04/2020 11:29
April 20 (Reuters) - Uni-Select Inc UNS.TO :
* UNI-SELECT - MADE DIFFICULT DECISION TO FURLOUGH
APPROXIMATELY
50% OF ITS EMPLOYEES ACROSS ALL 3 BUSINESS UNITS
* UNI-SELECT - BOARD HAS MADE DECISION TO SUSPEND ALL FUTURE
DIVIDEND PAYMENTS FOR TIME BEING WITH EXCEPTION OF DIVIDEND
DECLARED ON FEB 19, 2020
* UNI-SELECT - IMPACTS FROM COVID-19 COULD NEGATIVELY IMPACT
CO'S
LIQUIDITIES AND/OR ABILITY TO REMAIN IN COMPLIANCE WITH
COVENANTS UNDER ITS SYNDICATED CREDIT AGREEMENT
Source text for Eikon: ID:nCNWlYSNMa
Further company coverage: UNS.TO
((Reuters.Briefs@thomsonreuters.com;))
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