Auckland International Airport implemented (06-Apr-2020) the following of initiatives to reduce its cost base:
- Suspended discretionary expenditure;
- Reviewed work underway with external consultants;
- Reduced number of external contractors supporting the business and capital programme;
- Reduced remuneration of board members and executives by 20%;
- Reduced the majority of employee pay to 80% and a four day working week;
- Suspension of bonuses and short term incentives for FY2020;
- Reduction of operations in line with the new operating environment. [more - original PR]