Brief: Pedevco Corp Has Initiated Significant G&A Cost-Reduction Measures
31/03/2020 22:50
March 31 (Reuters) - PEDEVCO Corp PED.A :
* PEDEVCO CORP - HAS INITIATED SIGNIFICANT G&A
COST-REDUCTION
MEASURES
* PEDEVCO CORP - REDUCTION TO ALL EMPLOYEE SALARIES BY 20%
UNTIL
MARKET CONDITIONS SIGNIFICANTLY IMPROVE
* PEDEVCO CORP - CUTTING ALL DISCRETIONARY SPENDING, AND
UNDERTAKING ACTIONS RESULTING IN A NEARLY 30% AGGREGATE G&A
REDUCTION IN 2020
* PEDEVCO CORP - PLANS TO PAUSE ITS PLANNED 2020 DEVELOPMENT
PLAN
Source text for Eikon: ID:nNDLb8sjKb
Further company coverage: PED.A
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