Brief: Wellington Drive Technologies Says Staff Agreed To Salary Reductions

Aofrio

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;))