Brief: Jervois Global Says Implemented Further Cost Reductions Across Its Business

Jervois Global

06/03/2024 21:28

March 7 (Reuters) - Jervois Global Ltd  JRV.AX :
    * HAS IMPLEMENTED FURTHER COST REDUCTIONS ACROSS ITS
BUSINESS
    * REDUCED SENIOR CORPORATE MANAGEMENT ROLES, WITH 30% OF
POSITIONS
MADE REDUNDANT OR PART-TIME
    * JERVOIS NON-EXECUTIVE DIRECTORS WILL ALSO REDUCE THEIR
FEES BY
30%, EFFECTIVE 1 FEBRUARY
    * ALSO FROZEN ANNUAL SALARY INCREASES FOR 2024 ACROSS
CORPORATE
GROUP, AND AT ITS SITES, WHERE LEGALLY PERMISSIBLE
    * CONTINUES TO ADVANCE, WITH 5% REDUCTION IN WORKFORCE, EUR
1.0
MILLION IN ANNUAL PAYROLL COST SAVINGS ACROSS 1H AT JERVOIS
FINLAND

Further company coverage:  JRV.AX 

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