1st Apr 2020 08:54
(Alliance News) - Breedon Group PLC on Wednesday said it has decided to temporarily suspend production at a number of sites in the Republic of Ireland after restrictions were announced aimed at curbing the spread of Covid-19.
On Friday last week, the Irish government said it was introducing restrictions "requiring all non-essential businesses to close for two weeks from that date" so as to slow the pandemic's spread.
Consequently, construction materials firm Breedon opted to suspend production at its Republic of Ireland sites - not including those sites "serving health projects and critical road and utility infrastructure". Among the suspended sites are its cement plant in Kinnegad.
"We welcome the Irish government's wage subsidy scheme, which should ensure that eligible employees continue to receive a proportion of their pay while they are not working," Breedon said.
Shares in Breedon were down 2.1% at 66.21 pence in London on Wednesday morning.
Breedon separately announces the retirement of two non-executive directors, Susie Farnon and Peter Cornell. Farnon has been a non-executive director since 2010 and Cornell since October 2018.
The upcoming appointment of Carol Hui as a non-executive director, announced along with Breedon's preliminary results, is still due to take place later in 2020.
By Anna Farley; [email protected]
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