Brief: Warehouse Group Updates Impact Of COVID-19 On Business

Warehouse

17/04/2020 10:00

April 17 (Reuters) - Warehouse Group Ltd  WHS.NZ :
    * GROUP'S DIRECTORS AND LEADERSHIP SQUAD (EXECUTIVE) WILL
REDUCE
BY 20% UNTIL 30 JUNE 2020 TO REDUCE OPERATING COSTS
    * PROPOSAL FOR 20% REDUCTION FOR TEAM MEMBERS EARNING MORE
THAN
$100,000 & 10% REDUCTION FOR MEMBERS EARNING BETWEEN$60,000 &
$100,000
    * THERE WILL BE NO FY20 INCENTIVE PLAN PAYMENTS WHICH
REPRESENTS A
VERY SIGNIFICANT PROPORTION OF SENIOR EXECUTIVE "PAY AT RISK"

Source text for Eikon:  ID:nNZW3SrY3K 
Further company coverage:  WHS.NZ 

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