March 16 (Reuters) - Harbor Star Shipping Services Inc
TUGS.PS :
* EXPECTS REDUCTION OF REVENUE DUE TO LESS FOREIGN VESSELS
CALLING
THE PHILIPPINES
* KEY PERSONNEL MAY BE EXPOSED TO COVID-19 WHICH MAY
NEGATIVELY
AFFECT THE OPERATIONS OF THE BUSINESS
* PROJECTING REDUCED REVENUE IN HARBOR ASSIST UNIT DUE TO
COVID-19, INITIATED INTERNAL COST SAVING TO REDUCE FIXED COSTS
BY 5-15%
* MEASURES IN HARBOR ASSIST UNIT INCLUDED TERMINATING
OUTSOURCED
NON-ESSENTIAL SERVICES, RENEGOTIATING WITH/CHANGING SUPPLIERS
Source text for Eikon: ID:nPSX9RRyKk
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