Brief: Workhorse Group Inc - Have Taken Aggressive Cost Reduction Actions Across Organization

Workhorse

20/05/2024 22:57

May 20 (Reuters) - Workhorse Group Inc  WKHS.O :
    * HAVE TAKEN AGGRESSIVE COST REDUCTION ACTIONS ACROSS
ORGANIZATION, INCLUDING A 20% REDUCTION IN FORCE
    * COST REDUCTION ACTIONS INCLUDE THROTTLING CAPACITY AT
UNION CITY
BY TEMPORARILY FURLOUGHING TEAM THERE
    * WORKING WITH A THIRD PARTY TO COMPLETE DIVESTITURE OF AERO
BUSINESS IN Q2
    * QTRLY LOSS PER SHARE $0.10

Source text for Eikon:  ID:n0001425287-24-000105 
Further company coverage:  WKHS.O 

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