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.