RWC 1.23% $5.77 reliance worldwide corporation limited

News: RWC Reliance Worldwide To Scale Back Manufacturing Operations In Australia

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    May 1 (Reuters) - Reliance Worldwide Corporation Ltd (RWC) :

    • IN AUSTRALIA, TO SCALE BACK MANUFACTURING OPERATIONS FROM 5 TO 4 DAYS A WEEK, FROM WEEK OF 11 MAY
    • DISESTABLISHMENT OF ABOUT 20 PERMANENT ROLES ACROSS RWC'S US OPERATIONS
    • CEO & EXECUTIVE TEAM MEMBERS HAVE AGREED TO A TEMPORARY 20% REDUCTION IN BASE SALARIES FOR AN INITIAL TWO-MONTH PERIOD
    • NON-EXECUTIVE DIRECTORS HAVE AGREED TO A TEMPORARY 20% REDUCTION IN FEES FOR INITIAL TWO-MONTH PERIOD
 
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