April 2 (Reuters) - Atlas Pearls Ltd (ATP) :
- TAKEN IMMEDIATE ACTION TO REDUCE NUMBER OF PERMANENT STAFF IN PERTH OFFICE
- REDUCED PLANNED HARVEST FOR REST OF 2019/20 BY 70,000 PEARLS
- THESE UNPRECEDENTED TIMES ARE IMPACTING ON MANAGEMENT OF ATLAS'S OPERATIONS AND ARRANGEMENTS FOR SELLING CO'S FINISHED PRODUCTS
- REDUCED REMUNERATION OF EXECUTIVE CHAIRMAN, BOARD, AUSTRALIAN OFFICE STAFF & INDONESIAN EX-PATS BY 20% FOR PERIOD APRIL 1 TO JUNE 30
- REDUCED PLANNED HARVEST FOR REST OF 2019/20 BY 70,000 PEARLS
- IMPLEMENTED COST SAVING MEASURES TO ACCOMMODATE LOWER EXPECTED SALES IN JUNE 2020 QUARTER
- COMMENCED A REVIEW OF INDONESIAN OPERATIONS TO ACHIEVE SAVINGS COMMENSURATE WITH 20% REDUCTION IN SALARY COSTS
News: ATP Atlas Pearls Says To Reduce Number Of Permanent Staff In Perth Office
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