Helloworld Travel implements cost reduction measures, CEO reduces salary by 30%

    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.