Lear Takes Additional Steps to Address Impacts of COVID-19 Pandemic
Lear Takes Additional Steps to Address Impacts of COVID-19 Pandemic |
[10-April-2020] |
SOUTHFIELD, Mich., April 10, 2020 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it is taking new measures to address industry conditions created by the COVID-19 pandemic. In addition to previously announced actions to further strengthen its balance sheet and improve financial flexibility, Lear will be implementing the following compensation-related actions, effective April 16:
Further salary reduction measures are also being taken in Europe, Asia, Mexico and South America. About Lear Corporation View original content to download multimedia:http://www.prnewswire.com/news-releases/lear-takes-additional-steps-to-address-impacts-of-covid-19-pandemic-301038772.html SOURCE Lear Corporation | ||
Company Codes: NYSE:LEA |
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