Brief: Westpay: Impact Due To COVID-19

Westpay AB

30/03/2020 12:32

March 30 (Reuters) - Westpay AB  WPAY.ST :
    * REG-WESTPAY: IMPACT DUE TO COVID-19
    * STARTING ON 1(ST) OF APRIL 2020, WESTPAY WILL IMPLEMENT
SHORT-TIME WORK ALLOWANCE FOR ALL EMPLOYEES
    * OTHER COST SAVING MEASURES ARE BEING TAKEN
    * CERTAIN INVESTMENTS NOT BEING CRITICAL TO CURRENT
OPERATIONS ARE
BEING POSTPONED
    * MEASURE WILL INVOLVE ALL EMPLOYEES AND REDUCED WORKING
TIME WILL
BE 40 %

Source text for Eikon:  ID:nGNE8qxzDJ 
Further company coverage:  WPAY.ST 

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