March 25, 2020 / 8:29 PM / 3 days ago

BRIEF-SunPower Withdraws Previous Fiscal Year 2020 Financial Guidance

March 25 (Reuters) - SunPower Corp:

* SUNPOWER ANNOUNCES ACTIONS TO ADDRESS COVID-19 MARKET DISRUPTION

* SUNPOWER CORP - REDUCING MANAGEMENT SALARIES, FREEZING ALL HIRING AND MERIT INCREASES AS WELL AS A REDUCTION IN CAPITAL EXPENDITURES

* SUNPOWER CORP - EXPECTS ACTIONS WILL RESULT IN SAVINGS OF UP TO $50 MILLION IN 2020

* SUNPOWER CORP - WITHDRAWING ITS PREVIOUSLY PROVIDED FISCAL YEAR 2020 FINANCIAL GUIDANCE Source text for Eikon: Further company coverage:

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