April 7 (Reuters) - Tabcorp Holdings Ltd (TAH) :
- IMPLEMENTED TEMPORARY STAND DOWN OF OVER 700 TABCORP EMPLOYEES TO 30 JUNE IN BUSINESSES OF NO WORK DUE TO COVID-19 SHUTDOWNS
- FULL-TIME EMPLOYEES WILL TAKE AT LEAST ONE DAY OF LEAVE PER WEEK, EFFECTIVE 6 APRIL 2020 UNTIL 30 JUNE
- IMPLEMENTED AN INITIAL REDUCTION OF ABOUT 40% IN NUMBER OF TECHNOLOGY CONTRACTORS
- MD & CEO, DAVID ATTENBOROUGH, TAKEN A 20% REDUCTION IN FIXED REMUNERATION UNTIL 30 JUNE
- BOARD CHAIRMAN AND NON-EXECUTIVE DIRECTOR FEES HAVE BEEN REDUCED BY 10% UNTIL 30 JUNE
- BUSINESS AS USUAL CAPEX IN 2H20 NOW EXPECTED TO BE ABOUT $120 MILLION, PREVIOUSLY ESTIMATED AT ABOUT $160 MILLION
News: TAH Tabcorp Holdings Says Implemented Temporary Stand Down Of Over 700 Tabcorp Employees
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