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UPDATE 2-Latin America's largest airline to halve pay for its 43,000 employees [Reuters]

Gol Linhas Aereas Inteligentes S.A. Sponsored ADR representing 2 Pfd Shares (GOL)  More Company Research Source: Reuters
US:NYSE Investor Relations: ir.voegol.com.br
UPDATE 2-Latin America's largest airline to halve pay for its 43,000 employees (Updates with Brazil airline Gol also cutting salaries) By Marcelo Rochabrun March 19 (Reuters) - LATAM Airlines Group, South America’s largest carrier, will cut pay to its 43,000-strong workforce by 50% for three months due to economic fallout from the coronavirus outbreak, a source close to the situation told Reuters on Thursday. The pay cuts will affect employees worldwide, but LATAM’s operations are concentrated in Chile and Brazil. The company’s incoming chief executive, Roberto Alvo, will also forego his entire salary, the source said. He assumes his position April 1. The pay cuts were expected to be announced later on Thursday. Also on Thursday, Brazil’s largest domestic carrier Gol Linhas Aereas Inteligentes said it will cut worker pay by 35%, and executive pay by 40% for three months “initially.” The paycuts in the industry come amid an unprecedented crisis. LATAM has said it will cut 70% of its fl [Read more]
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Stockreport

UPDATE 2-Latin America's largest airline to halve pay for its 43,000 employees [Reuters]

Gol Linhas Aereas Inteligentes S.A. Sponsored ADR representing 2 Pfd Shares  (GOL) 
More Company Research Source: Reuters
US:NYSE Investor Relations: ir.voegol.com.br
UPDATE 2-Latin America's largest airline to halve pay for its 43,000 employees (Updates with Brazil airline Gol also cutting salaries) By Marcelo Rochabrun March 19 (Reuters) - LATAM Airlines Group, South America’s largest carrier, will cut pay to its 43,000-strong workforce by 50% for three months due to economic fallout from the coronavirus outbreak, a source close to the situation told Reuters on Thursday. The pay cuts will affect employees worldwide, but LATAM’s operations are concentrated in Chile and Brazil. The company’s incoming chief executive, Roberto Alvo, will also forego his entire salary, the source said. He assumes his position April 1. The pay cuts were expected to be announced later on Thursday. Also on Thursday, Brazil’s largest domestic carrier Gol Linhas Aereas Inteligentes said it will cut worker pay by 35%, and executive pay by 40% for three months “initially.” The paycuts in the industry come amid an unprecedented crisis. LATAM has said it will cut 70% of its fl [Read more]
IMPACT SNAPSHOT
EVENT TIME:
GOL
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS