CAE Inc. (CAE.T) said Monday it has recalled all employees laid off as a result of the COVID-19 pandemic, with 1,500 employees back on the payroll this week. The Montreal-based company, which provides training services for the aviation, defense and healthcare markets, said the employees were recalled to provide essential services and through the Canada Emergency Wage Subsidy program. CAE said it signed a contract with the Government of Canada to make 10,000 ventilators, with the first ventilator expected to be delivered in early May. The U.S.-listed stock has dropped 47.4% over the past three months, while the S&P 500 has lost 13.7%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
April 20, 2020 06:17 ET (10:17 GMT)
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