MEA mcgrath limited
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News: MEA Mcgrath Ltd Says Implemented 40% Reduction In Remuneration Of CEO

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    06/04/20
    11:35
    Post #: 43901131

    April 6 (Reuters) - Mcgrath Ltd (MEA) :

    • IMPLEMENTED 40% REDUCTION IN REMUNERATION OF CEO AND BOARD OF DIRECTORS FOR MAY, JUNE AND JULY 2020
    • IMPLEMENTED 30% REDUCTION IN ALL SALARIES ABOVE $70,000 P.A. FOR STAFF FOR MAY, JUNE AND JULY 2020
    • IMPLEMENTED TEMPORARY CLOSURE OF CERTAIN COMPANY OFFICES TO REDUCE OPERATING EXPENSES
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