Brief: Wellington Drive Technologies Says Staff Agreed To Salary Reductions
14/05/2020 07:45
May 14 (Reuters) - Wellington Drive Technologies Ltd
WDT.NZ :
* STAFF AGREED TO SALARY REDUCTIONS RANGING FROM 25% FOR
SENIOR
EXECUTIVES TO 10% FOR LOWER PAID STAFF MEMBERS
* TOTAL REDUCTION IN FEES & SALARIES DELIVERS CASH SAVINGS
OF
AROUND NZ$1.7M FROM 1 MAY TO 31 DEC
* AUSTRALIAN BASED UNIT RECEIVING JOBKEEPER PAYMENTS FROM
GOVERNMENT
Source text for Eikon: ID:nNZW3LQfTn
Further company coverage: WDT.NZ
((Reuters.Briefs@thomsonreuters.com;))
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