Empresaria has issued a COVID-19 update. Despite a strong start to the year, the Group has experienced a significant reduction in demand across many of its businesses since mid-March, with the impact varying by location/sector. Management has implemented a range of measures, including decreasing headcount and salaries, reducing hours, implementing furlough and unpaid leave. It has halted discretionary spend and is negotiating reductions in committed and essential spend. Where available, it is ta ....
08 Apr 2020
COVID-19 update
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COVID-19 update
Empresaria Group plc (EMR:LON) | 36.5 0 0.0% | Mkt Cap: 18.2m
- Published:
08 Apr 2020 -
Author:
Greg Poulton -
Pages:
3
Empresaria has issued a COVID-19 update. Despite a strong start to the year, the Group has experienced a significant reduction in demand across many of its businesses since mid-March, with the impact varying by location/sector. Management has implemented a range of measures, including decreasing headcount and salaries, reducing hours, implementing furlough and unpaid leave. It has halted discretionary spend and is negotiating reductions in committed and essential spend. Where available, it is ta ....