Brief: Usp Group Updates On Impact Of Covid-19 On Group's Business

USP

01/06/2020 16:05

June 1 (Reuters) - USP Group Ltd  USPG.SI :
    * KEY MANAGEMENT PERSONNEL OF GROUP HAS VOLUNTARILY TAKEN A
30%
REDUCTION IN REMUNERATION
    * MIDDLE MANAGEMENT & REST OF STAFF TAKING A CUT RANGING
FROM 10%
TO 20%
    * OTHER COST SAVING MEASURES LIKE HEADCOUNT FREEZE HAS ALSO
BEEN
IMPLEMENTED
    * PAY CUT MEASURE WILL ALLOW GROUP TO SAVE CLOSE TO S$1
MILLION IN
A YEAR

Source text for Eikon:  ID:nSNZ2yzgzB 
Further company coverage:  USPG.SI 

 (Reuters.Briefs@thomsonreuters.com)