Brief: Steel & Tube To Close All Sites, Except Where Essential As Of 25 March

Steel & Tube Holdings

24/03/2020 06:27

March 24 (Reuters) - Steel & Tube Holdings Ltd  STU.NZ :
    * MOVING TO CLOSE ALL SITES, EXCEPT WHERE NEEDED TO SUPPLY
ESSENTIAL BUSINESSES, AS OF 25 MARCH
    * SHUT-DOWN WILL HAVE AN ADVERSE IMPACT ON EARNINGS FOR YEAR
ENDING 30 JUNE 2020
    * TO SUPPORT STAFF OVER 4 WEEK CLOSE DOWN PERIOD THROUGH
ARRANGEMENTS TO SUPPORT PAYMENT OF SALARY AND WAGES

Source text for Eikon:  ID:nNZS7yD1a 
Further company coverage:  STU.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))