March 26, 2020 / 10:11 AM / 3 days ago

BRIEF-Helix Resources Says Workforce Has Agreed To A 20% Cut In Salaries From 1 April

March 26 (Reuters) - Helix Resources Ltd:

* WORKFORCE HAS AGREED TO A 20% CUT IN SALARIES FROM 1 APRIL

* OUR SMALL BUT DEDICATED WORKFORCE HAS AGREED TO A 20% CUT IN SALARIES FROM 1 APRIL

* DIRECTORS HAVE ALSO RESOLVED TO WAIVE THEIR FEES FROM 1 APRIL

* DIRECTORS HAVE ALSO RESOLVED TO WAIVE THEIR FEES FROM 1 APRIL

* INITIATIVES WILL INITIALLY BE IN PLACE UNTIL END OF JUNE

* REVIEWING A NUMBER OF ITS EXISTING CONTRACTS WITH A VIEW TO FINDING ADDITIONAL COST SAVINGS.

* TAKING MEASURES DUE TO HIGH LEVEL OF UNCERTAINTY SURROUNDING SPREAD, DURATION AND IMPACT OF COVID-19 Source text for Eikon: Further company coverage:

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