March 6, 2020 / 5:17 PM / a month ago

BRIEF-MCH Group Says Impact Of Coronavirus Does Not Endanger Stability

March 6 (Reuters) - MCH GROUP AG:

* IMPACT OF CORONAVIRUS OUTBREAK DOES NOT ENDANGER STABILITY OF COMPANY

* HAS DECIDED ON VARIOUS STEPS TO REDUCE HUMAN RESOURCES COSTS, INCLUDING REDUCTION OF OVERTIME AND HIGH HOLIDAY BALANCES, AND A TEMPORARY FREEZE ON HIRING NEW EMPLOYEES

* INITIATION OF FURTHER COST-CUTTING MEASURES

* CURRENT SITUATION IS NOT AFFECTING IMPLEMENTATION OF NEWLY DEFINED STRATEGIC ALIGNMENT Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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