News: SBW Shekel Brainweigh Says 22% Of Employees In Israel Are On Unpaid Leave

March 31 (Reuters) - Shekel Brainweigh Ltd (SBW) :

• 22% OF EMPLOYEES IN ISRAEL ARE ON UNPAID LEAVE AS OF 19 MARCH 2020
• EXCEPT FOR EMPLOYEES ON PRODUCTION LINE, REMAINING EMPLOYEES CUT WORKING TIME & SALARIES TO 60-80 PER CENT
• MANAGEMENT & BOARD MEMBERS TOOK A 30% VOLUNTARY PAY CUT FOR 60-90 DAYS
• APPLYING FOR A BUSINESS LONG TERM LOAN OFFERED BY ISRAELI GOVERNMENT IN AN ELIGIBLE AMOUNT OF US$1.25 MILLION
• BOTH FACTORIES IN CHINA ARE OPERATIONAL AND WORKING TO COMPLETE ORDERS FOR DELIVERY IN APRIL-MAY