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News: RDH Redhill Education Says To Stand Down About 67% Of Non-Teaching Workforce

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    30/03/20
    12:20
    Post #: 43772896

    March 30 (Reuters) - Redhill Education Ltd (RDH) :

    • TO STAND DOWN ABOUT 67% OF NON-TEACHING WORKFORCE EFFECTIVE FROM 1 APRIL 2020, UNTIL AT LEAST END OF JUNE 2020.
    • STAND DOWN IMPACTS OVER 235 PERMANENT AND CASUAL EMPLOYEES
    • STAND DOWN WILL REDUCE SALARIES AND EMPLOYEE BENEFITS EXPENSE BY ABOUT $2.6 MILLION IN Q4 OF FY20
    • NON-EXECUTIVE DIRECTORS HAVE AGREED THEIR FEES WILL BE SUSPENDED IN RELATION TO FY20 Q4.
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