BRIEF-Klx Energy Services Announces Additional Cost Reduction Measures In Response To Current Depressed Market Conditions
BRIEF-Klx Energy Services Announces Additional Cost Reduction Measures In Response To Current Depressed Market Conditions
April 8 (Reuters) - KLX Energy Services Holdings Inc :
* KLX ENERGY SERVICES - ANNOUNCES ADDITIONAL COST REDUCTION MEASURES IN RESPONSE TO CURRENT DEPRESSED MARKET CONDITIONS
* KLX ENERGY - ON MARCH 9, INITIATED A COST RATIONALIZATION PROGRAM IN WHICH IT IMPLEMENTED AN APPROXIMATELY 360 PERSON, OR 22%, REDUCTION IN FORCE
* KLX ENERGY - ANNOUNCING AN ADDITIONAL REDUCTION IN ITS WORKFORCE OF APPROXIMATELY 170 EMPLOYEES, WHICH IT EXPECTS TO COMPLETE BY APRIL 10, 2020
* KLX ENERGY - IN ADDITION, HAS INSTITUTED A WIDESPREAD WAGE REDUCTION PROGRAM
* KLX ENERGY - IMPACT OF TODAY'S COST REDUCTION MEASURES IS ABOUT $23 MILLION ANNUALIZED REDUCTION IN COSTS ON TOP OF ABOUT $45 MILLION ANNUALIZED REDUCTION
* KLX ENERGY - MAINTAINS UNDRAWN $100 MILLION CREDIT FACILITY WITH CURRENT AVAILABILITY OF APPROXIMATELY $60 MILLION AND NO DEBT MATURITIES UNTIL NOVEMBER 2025
Source text: Further company coverage:
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路透4月8日電-KLX能源服務控股公司(KLX Energy Services Holdings Inc)：
*KLX能源服務-宣佈額外的成本降低措施，以應對目前低迷的市場狀況
*KLX能源-3月9日，啟動了一項成本合理化計劃，其中IT實施了大約360人，即22%的有效削減
*KLX能源-宣佈進一步裁員約170人，預計將於2020年4月10日前完成
*KLX能源-此外，還制定了一項廣泛的減薪計劃
*KLX能源-今天降低成本措施的影響是，在每年減少約4500萬美元的基礎上，每年減少約2300萬美元的成本
*KLX能源-維持未提取的1億美元信貸安排，目前可用資金約為6000萬美元，2025年11月之前沒有債務到期日
源文本：進一步的公司報道：
(Reurs.Briefs@thomsonreurs.com；)
譯文內容由第三人軟體翻譯。
