Somero: plenty of caution but thankfully plenty of cash as well
Somero Enterprises (LON:SOM), the US based manufacturer of laser-guided concrete levelling equipment, has provided a cautionary trading update.
In light of the challenging outlook Somero is implementing further precautionary actions to reduce costs and conserve cash during this period of uncertainty, including the furloughing of approximately 20% of the workforce. The measures being taken are expected to save approximately US$ 5.0m.
Thankfully Somero entered the crisis…
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