Brief: Bassett Furniture Says Implemented Across Board 20% Reduction In Base Salary For All Monthly Salaried Employees

Bassett Furniture Industries

02/04/2020 17:07

April 2 (Reuters) - Bassett Furniture Industries Inc
 BSET.O :
    * IMPLEMENTED ACROSS BOARD 20% REDUCTION IN BASE SALARY FOR
ALL
MONTHLY SALARIED EMPLOYEES
    * CEO ROBERT H. SPILMAN AND CFO J. MICHAEL DANIEL HAVE EACH
VOLUNTARILY TAKEN A 50% TOTAL REDUCTION IN BASE SALARY
    * TEMPORARY SALARY REDUCTIONS WERE EFFECTIVE WITH MARCH
MONTHLY
SALARY, EXPECTED TO CONTINUE AT LEAST THROUGH MAY 31

Source text : (https://bit.ly/3dO5Ijw)
Further company coverage:  BSET.O 

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