Welbilt Provides Updated Statement Regarding COVID-19 Impact on Business
Welbilt, Inc. (WBT)
Last welbilt, inc. earnings: 2/25 06:00 am
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US:NYSE Investor Relations:
ir.manitowocfoodservice.com/investor-relations/default.aspx
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Source: Business Wire
NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE:WBT) announced today several actions we are taking to address the impact of the global COVID-19 pandemic. Our top priority is the health and safety of our employees as we address the unprecedented economic challenges facing us and the commercial foodservice industry. We are temporarily closing some of our plants, beginning with one- to two-week closures in early April for five of our ten Americas region plants and three of our six EMEA region plants. All four of our APAC region plants are currently operating on normal schedules. We will continue to adjust these schedules based on governmental requirements, health, safety and demand factors on an ongoing basis as we proceed through the COVID-19 pandemic and related market impacts.We are taking other measures to manage our costs in line with changing demand. Accordingly, we have executed a reduction in force in the Americas region and Corporate functions of approximately 20
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