March 20, 2020 / 7:29 PM / 9 days ago

BRIEF-Semcon Says Co Will Implement Short-Term Layoffs For Affected Employees To Mitigate Negative Financial Effects From Covid-19

March 20 (Reuters) - Semcon AB:

* SEMCON - IN ORDER TO MITIGATE NEGATIVE FINANCIAL EFFECTS FROM COVID-19, SEMCON WILL IMPLEMENT SHORT-TERM LAYOFFS FOR AFFECTED EMPLOYEES

* SHORT-TERM LAYOFFS WILL AFFECT BOTH ADMINISTRATIVE PERSONNEL AND CONSULTANTS WHERE RELEVANT

* FINANCIAL EFFECT DUE TO REDUCED DEMAND IS NOT POSSIBLE TO PREDICT AT THIS TIME Source text for Eikon: Further company coverage:

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