Terex (TEX) begins comprehensive cost reduction program, suspends dividend

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Go back to Terex (TEX) begins comprehensive cost reduction program, suspends dividend

Terex Provides an Important Business Update Regarding COVID-19

April 23, 2020 4:11 PM EDT

WESTPORT, Conn., April 23, 2020 (GLOBE NEWSWIRE) -- Terex Corporation (NYSE: TEX), a global manufacturer of aerial work platforms and materials processing equipment, is providing a business update regarding health and safety, liquidity, and cost reduction actions in response to the COVID-19 pandemic.

We are focused on successfully navigating through this unprecedented period and are implementing substantial cost saving and operational actions to enhance liquidity and maintain financial flexibility, stated Terex Corporation Chairman, President and CEO, John L. Garrison, Jr. We continue to monitor our end market demand and supply chains and have... More