Steel Partners Holdings Provides COVID-19 Update
STEEL PARTNERS HLDGS LP (SPLP)
US:NYSE Investor Relations:
steelpartners.com
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Steel Partners Holdings L.P. (NYSE: SPLP) (“SPLP” or the “Company”) today announced additional measures focused on employee health and safety and cash management.The Company has continued to aggressively manage the business to mitigate the effects of the COVID-19 pandemic on both the operations and financial results. At this time, all of the Company’s significant operations continue to maintain critical infrastructure designations. Additional health and safety precautions are being taken to protect employees, including increased sanitation measures, distancing, and health monitoring. The Company has also created a COVID-19 Task Force to share best practices, create risk mitigation plans, and resource guides to safeguard our employees.Given the unpredictability of the current global economy, the Company has continued to take action to reduce fixed costs and conserve cash. The Company implemented salary reductions of up to 30% for salaried employees, furlo
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