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NFI also says it’s laying off about 300 people as it expects the cancellation or deferral of many private customer orders for new and pre-owned coaches this year. The bus maker says the cuts will include both production and salaried positions and warns that additional actions may be required across the company.
NFI is also reducing temporarily reducing its quarterly dividend to 21.25 cents per share for the January-to-March period compared with its regular payment of 42.5 cents per share. It says future dividends will depend on prevailing circumstances and are not assured. Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.
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