COVID-19: CAE announces measures to protect its financial position and mitigate the impact on its employees
CAE Inc. Ordinary Shares (CAE)
Last cae inc. ordinary shares earnings: 2/7 08:23 am
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Source: PR Newswire
Common share dividend and share repurchases suspended Temporary layoffs (furloughs) and work-week reductions To help save lives, CAE is developing an easy-to-manufacture ventilator MONTREAL, April 6, 2020 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) – CAE announced today that it has taken a series of flexible measures to protect its financial position in response to the COVID-19 crisis and mitigate the impact on its employees. The measures include temporarily suspending its common share dividend and share repurchase plan, as well temporarily laying off 2,600 of its 10,500 employees and placing another 900 employees on a reduced work week. CAE also announced that, in an effort to help save lives, it is developing an easy-to-manufacture ventilator which will provide life support to patients in intensive care. "CAE continues to support its customers as the training services we provide are considered essential around the world. Our Civil Aviation operations are most affected by the unprecedente
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News
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CAE
Earnings
- 2/14/24 - Beat
CAE
Sec Filings
- 2/14/24 - Form 6-K
- 2/13/24 - Form SC
- 2/13/24 - Form SC
- CAE's page on the SEC website