Brief: Charles & Colvard Says Temporary Salary Reductions For All Employees

Charles & Colvard

09/04/2020 21:24

April 9 (Reuters) - Charles & Colvard Ltd  CTHR.O :
    * CHARLES & COLVARD PROVIDES BUSINESS UPDATE  RELATED TO
COVID-19
    * CHARLES & COLVARD LTD - TEMPORARY SALARY REDUCTIONS FOR
ALL
EMPLOYEES, INCLUDING 25% FOR CEO AND 15% FOR CFO AND COO
    * CHARLES & COLVARD LTD - FURLOUGHING APPROXIMATELY 50% OF
EMPLOYEES, STARTING APRIL 13, 2020
    * CHARLES & COLVARD LTD - INSTITUTING A 50% REDUCTION IN
BOARD
DIRECTOR FEES

Source text for Eikon:  ID:nGNX5PZKbZ 
Further company coverage:  CTHR.O 

 ((Reuters.Briefs@thomsonreuters.com;))