Brief: Iou Announces Cost Reduction Initiatives Due To The COVID-19 Pandemic
04/04/2020 01:32
April 3 (Reuters) - Iou Financial Inc IOU.V :
* IOU ANNOUNCES COST REDUCTION INITIATIVES DUE TO THE
COVID-19
PANDEMIC
* COMPANY FURLOUGHED APPROXIMATELY 40% OF ITS FULL-TIME
EMPLOYEES
* CO IMPLEMENTED A TEMPORARY 20% REDUCTION IN SALARY FOR ALL
REMAINING EMPLOYEES
Source text for Eikon: ID:nCNWGxylGa
Further company coverage: IOU.V
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