May 20, 2020 / 9:47 AM / 17 days ago

BRIEF-Eneco Energy Implements Wage Freezes For More Than 400 Employees In 2020

May 20 (Reuters) - Eneco Energy Ltd:

* TO DATE, LOGISTICS BUSINESS REVENUE CURRENTLY WITHIN A +/- 10% RANGE OF 2020 TARGETS

* IMPLEMENTED WAGE FREEZES FOR MORE THAN 400 EMPLOYEES IN 2020 AND A HEADCOUNT FREEZE

* OIL & GAS BUSINESS CONTINUES TO REFLECT FURTHER SOFTENING OF PRODUCTION VOLUMES & REVENUES

* ON OIL & GAS BUSINESS, COST BASE HAS BEEN REDUCED SIGNIFICANTLY FOR SECOND HALF OF 2020 Source text for Eikon: Further company coverage:

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