April 2 (Reuters) - Smart Parking Ltd (SPZ) :
- WITH LOCKDOWN IN UK, PARKING SERVICES DIVISION IS EXPERIENCING A LOWER VOLUME OF CARS UTILISING OUR MANAGED CAR PARKING FACILITIES
- TEMPORARY REDUCTION IN CAR VOLUME WILL SIGNIFICANTLY IMPACT LEVEL OF PARKING BREACH NOTICE ISSUANCE AND REVENUE RECEIVED
- IMPLEMENTED REDUCTION IN FEES FOR DIRECTORS OF 40%
- IMPLEMENTED SALARY REDUCTION OF CEO, CFO AND CTO OF 20%
- SALARY REDUCTION OF ALL OTHER STAFF OF BETWEEN 10% & 15%
- DEFERRAL OF ALL NON-ESSENTIAL PROJECTS & CAPITAL EXPENDITURE INCLUDING ROLL OUT OF TECHNOLOGY ON NEW UK PARKING SITES DURING LOCKDOWN
- IMPLEMENTED DEFERRAL OF ALL NON-ESSENTIAL PROJECTS AND CAPITAL EXPENDITURE INCLUDING ROLL OUT OF TECHNOLOGY ON NEW UK PARKING SITES
- FREEZE ON ALL RECRUITMENT AND TRAVEL EXPENSES
- COST REDUCTIONS MEASURES HAVE AN ANNUALISED REDUCTION OF AUD$6.7M IN COSTS
News: SPZ Smart Parking Implemented Reduction In Fees For Directors Of 40%
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