Brief: Ara Us Hospitality Trust To Implement 20% Salary Reduction For All Senior Managers

Acrophyte Hospitality Trust

16/04/2020 16:10

April 16 (Reuters) - ARA US Hospitality Trust  ARAU.SI :
    * ARA US HOSPITALITY TRUST-  TO IMPLEMENT 20% SALARY
REDUCTION FOR
ALL SENIOR MANAGERS
    * ARA US HOSPITALITY TRUST- TO IMPLEMENT 70% REDUCTION OF
WORKFORCE
    * ARA US HOSPITALITY TRUST- TO UNDERTAKE TEMPORARY
SUSPENSION AND
CONSOLIDATION OF HOTEL OPERATIONS AT OVER 65% OF HOTELS WITH LOW
OCCUPANCIES
    * ARA US HOSPITALITY TRUST-  COVID-19 WILL ADVERSELY AFFECT
PERFORMANCE OF ARA H-TRUST IN COMING QUARTERS

Source text for Eikon:  ID:nSNZ250lgm 
Further company coverage:  ARAU.SI 

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