Serviced office provider Servcorp is the latest flexible working firm to fall victim to the virus pandemic sweeping the US, shutting 12 of its office hub locations across the continent.Servcorp, which has a market capitalization of $210 million on the Australian exchange, said it will take a “one-off” cash hit of $5.5 million to undertake the reorganisation. The company will close sites in Atlanta , Boston , Dallas , Los Angeles , Miami , Philadelphia , San Francisco and Washington DC .
“We expect this cycle could repeat itself multiple times in the next 12 months each time there is fear of another wave occurring.”Shoppers are also likely to spend more at supermarkets until at least the end of the year due to prevailing fears about going restaurants. "Andrew is an experienced banker and talented leader who will play a crucial role focussed on NAB’s strategic pillars of delivering for customers and colleagues,” Mr McEwan said.Credit:“We have an ambition to grow our market-leading business bank by helping our customers grow. Andrew’s deep understanding of customers developed over a career in banking and his leadership in using data, insights and technology to meet their needs will be important to achieving this ambition.
He is one of the final senior appointments being made by Mr McEwan, who is also expected to announce a head of its digital offshoot UBank soon.Investors are fleeing for cover as concerns mount that a resurgence in coronavirus cases is gathering pace.
Its all going to crash and burn. Thats what they planned for
megadarv
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