March 12, 2020 / 9:22 AM / 25 days ago

Safran ready to expand cost-saving measures as crisis expands

PARIS, March 12 (Reuters) - French aerospace contractor Safran is preparing to expand planned cost-saving measures as the coronavirus crisis widens, Chief Executive Philippe Petitcolin said.

Safran said in February that to reach its annual forecasts it was targeting 300 million euros ($326 million) of cost savings and other belt-tightening measures to cope with the 737 MAX outage and the impact of the coronavirus on its China operations. (Reporting by Tim Hepher; Editing by Jan Harvey)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below