Business
NFI Group Update on Impact of COVID-19 Pandemic
NFI Group Update on Impact of COVID-19 Pandemic Canada NewsWire WINNIPEG, March ...
About this update from Nfi Group Inc.
[{"type":"text","content":"\n\n\n\nNFI Group Update on Impact of COVID-19 Pandemic\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nWINNIPEG, March 23, 2020\n\n\n\nAll monetary amounts in this press release are in US dollars unless otherwise noted. \n WINNIPEG, March 23, 2020 /CNW/ - (TSX: NFI) NFI Group Inc. (\"NFI\" or the \"Company\") provides this update relating to the impact of the global COVID-19 (or \"Coronavirus\") pandemic. Management has been developing and implementing mitigation plans to manage the adverse impacts of the pandemic on the Company's business, operations and financial condition. The Company is taking this pandemic with the utmost seriousness, focusing on the health and safety of our team members and their families, in addition to that of our customers and supplier partners.\n\n \n \n \n \n \n \n\n \nThe Company, its customers and supplier partners have all experienced significant disruptions resulting in operating and financial performance impacts from the dynamic, fluid and highly unpredictable nature of the COVID-19 pandemic and its effect on global economies. Local, regional and federal governments around the world have increased restrictions and issued various orders to slow the spread of the virus, including, lockdowns, travel restrictions and border closures.  \n\"The COVID-19 pandemic has resulted in an unprecedented global crisis impacting economies around the world, including all of our markets and nearly every supplier partner.  Our leadership team has managed through several economic cycles in the past and we remain confident we will weather this storm and are committed to ensure that NFI maintains production capacity, long-term backlog and financial liquidity.  We are focused on balancing the needs of all key stakeholders including employees, customers, shareholders and supplier partners.  We intend to continue delivering parts, providing technical support and delivering vehicles where possible to support customers in providing essential transportation services.  We continue assessing, developing and executing on risk...