SNC-Lavalin Group Inc. is withdrawing its financial guidance for 2020 as it works to cut costs and manage its cash flow due to the COVID-19 pandemic and its impact of the company’s operations around the world.

The company says it has been able to continue work with clients from non-office-based locations, and to move work among different jurisdictions as required. [ Sign up for our Health IQ newsletter for the latest coronavirus updates ] However, it says where it’s not possible for employees to carry on productive client work, due to temporary shutdowns or the nature of the client service, actions are being taken, including reduced hours and employee furloughs.

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