Statement from Delphi Technologies
DELPHI TECHNOLOGIES PLC (DLPH)
Last delphi technologies plc earnings: 2/13 04:01 pm
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US:NYSE Investor Relations:
ir.delphi.com
Company Research
Source: PR Newswire
LONDON, March 31, 2020 /PRNewswire/ -- Delphi Technologies PLC (NYSE: DLPH) ("Delphi Technologies" or the "Company") today provided the following statement with respect to its efforts to reduce costs and maximize liquidity in light of current macroeconomic conditions. Delphi Technologies has been taking significant steps to conserve cash given the immediate impact on our business from the coronavirus pandemic. This includes working to access government support across our operating countries, effecting temporary layoffs, moving employees to part-time schedules and pay reductions throughout the organization, disciplined inventory management and active past dues collection.Delphi Technologies also determined it was prudent and in the best interests of the Company and its shareholders to draw down on its full $500 million revolving credit facility to best position the company to weather the current market conditions. This precaution is consistent with actions being taken by companies acro
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