Helloworld Travel implemented (11-Mar-2020) the following measures to mitigate the negative effects of the coronavirus outbreak:
- All non essential recruitment has been halted;
- Helloworld employees are being asked to take paid or unpaid leave;
- All discretionary expenditures are being reduced or eliminated;
- Helloworld chairman and non executive directors will take no fees for the remainder of the financial year;
- Helloworld CEO and MD will take a 30% salary reduction for the remainder of the financial year;
- The company's executive management team will take a 25% salary reduction for the remainder of the financial year. [more - original PR]