March 16 (Reuters) - MacroAsia Corp MAC.PS :
* ESTIMATES COVID-19 IMPACT FOR THREE MONTHS FROM FEB-APRIL
TRANSLATES TO REVENUE DOWNTURN OF ABOUT PHP867 MILLION
* FOR FEB-APRIL, ESTIMATED AVERAGE MONTHLY REVENUE DECLINE
IS
PHP289 MILLION, MEANING AVERAGE MONTHLY NET INCOME REDUCTION OF
PHP58 MILLION FROM ORIGINAL TARGET
* MANAGEMENT IN LISTED PARENT CO, SOME UNITS TAKING 10%
PAY-CUT TO
SAVE JOBS HIT BY LOWER WORKLOAD IN AVIATION SERVICES DUE TO
COVID-19
* ROTATING VOLUNTARY NO-WORK, NO-PAY SCHEDULE IMPLEMENTED ON
ALL
PAY GRADES FROM MARCH 16
* VOLUNTARY EARLY SEPARATION PROGRAM PUT INTO PLACE, WITH NO
PREMIUM OFFERED TO THOSE WHO ARE AVAILING
Source text https://reut.rs/33lUnCx
Further company coverage: MAC.PS