HLO helloworld travel limited
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News: HLO Helloworld Travel Updates On Coronavirus Impacts

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    23/03/20
    12:40
    Post #: 43645786

    March 23 (Reuters) - Helloworld Travel Ltd (HLO) :

    • UPDATES ON CORONAVIRUS IMPACTS
    • ACTIONING 275 REDUNDANCIES IN VARIOUS COUNTRIES AT ESTIMATED COST TO BUSINESS OF $1.4 MILLION.
    • INITIATING STAND DOWN OF ABOUT 1,300 OR 65% OF HLO GROUP WORKFORCE ACROSS ALL COUNTRIES
    • HELLOWORLD TRAVEL - CEO & EXEC DIRECTOR WILL, EFFECTIVE IMMEDIATELY, TAKE NO SALARY FOR NEXT 3 & HALF MONTHS TO 30 JUNE
    • ALL REMAINING PERSONNEL WILL BE OFFERED REDUCED WORKING HOURS
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