Brief: Unisync Update On Covid-19 Affect On Operations

Unisync

03/04/2020 13:40

April 3 (Reuters) - Unisync Corp  UNI.TO :
    * UNISYNC UPDATE ON COVID-19 AFFECT ON OPERATIONS
    * UNISYNC CORP - CANADIAN OPERATIONS OF UGL AND PEERLESS ARE
EXPECTED TO CONTINUE TO OPERATE.
    * UNISYNC CORP - ESTIMATING THAT CO COULD EXPERIENCE A
REDUCTION
IN Q3 REVENUES FROM UGL'S CANADIAN OPERATIONS BY AS MUCH AS 60%
    * UNISYNC CORP - TO PLACE 112 OF UGL'S 254 CANADIAN
EMPLOYEES ON
TEMPORARY LAYOFF
    * UNISYNC CORP - PEERLESS IS EXPECTED TO CONTINUE TO
OUTPERFORM
LAST YEAR THROUGH BALANCE OF FISCAL 2020
    * UNISYNC CORP - ESTIMATE THAT CONSOLIDATED REVENUES FOR
JUST
COMPLETED FIRST 6 MONTHS OF FISCAL 2020 WERE APPROXIMATELY $55
MILLION
    * UNISYNC CORP - ELIMINATING 100% OF DIRECTORS FEES FOR AT
LEAST 6
MONTHS
    * UNISYNC CORP - IMPLEMENTING TEMPORARY REDUCTIONS IN
COMPENSATION
AT SENIOR EXECUTIVE LEVELS.

Source text for Eikon:  ID:nGNX61CSSH 
Further company coverage:  UNI.TO 

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