April 24, 2020 / 6:25 AM / a month ago

Senior focuses on cash position as coronavirus hits demand

LONDON, April 24 (Reuters) - British aerospace engineer Senior said it is focused on its cash position as coronavirus impacts its business, and it has put 17% of its workforce on furlough, reduced executive pay and agreed covenant relaxations with its banks.

The company also said on Friday that it had suspended guidance for 2020, and added that while it had considered selling its aerostructures unit, it had now decided that it was in its best interests to keep it. (Reporting by Sarah Young)

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