March 25, 2020 / 5:59 PM / 14 days ago

BRIEF-DEUTZ Says Co Is Ramping Down Production And Retracting Guidance For 2020

March 25 (Reuters) - DEUTZ AG:

* DGAP-ADHOC: DEUTZ AG: DEUTZ IS RAMPING DOWN PRODUCTION AND RETRACTING GUIDANCE FOR 2020

* WILL BE SHUTTING DOWN LARGE PARTS OF ITS PRODUCTION IN EUROPE, AT FIRST FROM APRIL 1 THROUGH APRIL 17, 2020

* NOW ANTICIPATES A SIGNIFICANT IMPAIRMENT OF ITS BUSINESS ACTIVITIES

* FOLLOWING CONSULTATION WITH EMPLOYEE REPRESENTATIVES, COMPANY WILL APPLY FOR SHORT-TIME WORKING Source text for Eikon: Further company coverage:

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