Job placement company Kelly Services furloughs some staff, suspends dividend [MarketWatch]
Kelly Services, Inc. - Class A (KELYA)
Last kelly services, inc. - class a earnings: 2/13 07:30 am
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US:NASDAQ Investor Relations:
ir.kellyservices.com/investor-relations
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Source: MarketWatch
Kelly Services Inc. said it was taking several actions in response to labor market disruptions caused by the COVID-19 pandemic, including furloughing and redeployment of some employees, suspending its dividend, cutting pay for full-time salaried employees and senior management by 10% and suspending its 401(k) match. The company said its board supported a draw-down from the company's credit facility. Shares of job placement company dropped 7.1% in morning trading. Among some of its staffing services peers, shares of ManpowerGroup gave up 4.8% and Robert Half International Inc. lost 3.8%. Kelly had most-recently paid a quarterly dividend of 7.5 cents a share in February. "In light of the current uncertain environment, we took additional precautionary actions to further strengthen our balance sheet and enhance our financial flexibility," said Chief Executive Peter Quigley. "While certainly painful, some shared sacrifice now will provide us the opportunity to remain strong and well-positi
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KELYA
News
- Avature Scoops Two Golds at the Brandon Hall Excellence in Technology Awards [Yahoo! Finance]Yahoo! Finance
- Kelly Announces Share Repurchase Authorization [Yahoo! Finance]Yahoo! Finance
- Kelly Announces Share Repurchase AuthorizationGlobeNewswire
- Kelly Announces Completion of CFO Transition, Participation in Sidoti Virtual Investor Conference [Yahoo! Finance]Yahoo! Finance
- Kelly Announces Completion of CFO Transition, Participation in Sidoti Virtual Investor ConferenceGlobeNewswire
KELYA
Earnings
- 11/7/24 - Miss
KELYA
Sec Filings
- 12/17/24 - Form 8-K/A
- 12/17/24 - Form 4
- 12/3/24 - Form 8-K
- KELYA's page on the SEC website