Gleeson’s announcement this morning details a number of steps management has taken to mitigate the impact of the COVID-19 pandemic on the business. These steps include extensive furloughing of staff and salary reductions (detailed below), which will substantially reduce monthly operating costs at a time of significant uncertainty. This follows the earlier announcement of 25th March, which confirmed the pausing of all build activity and the cancellation of the interim dividend amongst ot
06 Apr 2020
Update on corporate actions in response to COVID-19
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Update on corporate actions in response to COVID-19
MJ Gleeson PLC (GLE:LON) | 493 -34.5 (-1.4%) | Mkt Cap: 287.8m
- Published:
06 Apr 2020 -
Author:
James Tetley -
Pages:
3
Gleeson’s announcement this morning details a number of steps management has taken to mitigate the impact of the COVID-19 pandemic on the business. These steps include extensive furloughing of staff and salary reductions (detailed below), which will substantially reduce monthly operating costs at a time of significant uncertainty. This follows the earlier announcement of 25th March, which confirmed the pausing of all build activity and the cancellation of the interim dividend amongst ot