Navistar takes proactive measures in response to covid-19

Navistar takes proactive measures in response to covid-19.navistar - due to component supplier constraints, stoppage at co's truck assembly plant in springfield, ohio has been extended through early may.navistar international corp - implementing a series of temporary cost reduction measures to further preserve financial flexibility.navistar international corp - temporary cost reduction measures include postponement of 30 percent of capital expenditures.navistar international corp - temporary cost reduction measures include postponement of 30% of information technology project spend.navistar - temporary cost reduction measures include deferral of $162 million in pension contributions until 2021 under provisions of cares act.navistar international corp - deferral of 35 percent to base salary of ceo and board compensation.navistar international corp - a deferral of 10 to 30 percent to base salary of u.s.-based, salaried exempt, non-represented employees.navistar international corp - reduced workweek by 20 percent for contractors.navistar international - salary deferrals will be effective april 20 through december 31 and will be repaid with interest no later than march 15, 2021.navistar international corp - in total, cost reduction measures to conserve about $300 million in cash over balance of fiscal year, ending october 31.
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