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TechnipFMC Cuts Executive Pay, Dividend as Pandemic Fallout Bites

2020-04-23 15:13:03| OGI

Oil services company TechnipFMC said on April 22 it would slash the salaries of executives and retainers paid to company directors by 30%, after cutting its dividend by 75% in search of savings to cushion the impact of the novel coronavirus outbreak.

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Peru scrambles to save 140,000 textile jobs amid virus fallout

2020-04-14 20:05:00| Daily apparel & textile news and comment - from just-style.com

Peru's textile and apparel industry is scrambling to save hundreds of thousands of jobs as the coronavirus lockdown, newly extended until 26 April, wreaks havoc in the industry.

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H&M Q1 profit soars but braces for Covid-19 fallout

2020-04-03 13:22:00| Daily apparel & textile news and comment - from just-style.com

Profit at H&M has more than doubled in the first quarter - but the Swedish fashion retailer is bracing itself for the months ahead, with the global Covid-19 pandemic behind a 46% slump in net sales during March.

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UK manufacturers take stock of Covid-19 fallout

2020-03-28 13:22:00| Daily apparel & textile news and comment - from just-style.com

UK-based clothing manufacturers are taking steps to shore up their businesses as orders slump amid the coronavirus (Covid-19) pandemic - including repurposing production, working from home where possible, and embracing digital technologies. But they are also optimistic the crisis might also lead to lasting change.

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Cattle auctions continue amid the COVID-19 fallout

2020-03-26 16:33:00| Beef

The cattle business is deemed essential and sales continue, although under different circumstances.

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