March 24, 2020 / 1:27 AM / 9 days ago

BRIEF-Jayride Group Says Implemented Cost Reduction Measures In Response To Covid-19

March 24 (Reuters) - Jayride Group Ltd:

* IMPLEMENTED MATERIAL COST REDUCTION MEASURES IN RESPONSE TO COVID-19

* 34 TEAM MEMBERS STOOD DOWN, 77 MADE PART-TIME AS PART OF COST REDUCTION MEASURES

* MD TAKES 40% SALARY CUT, CHAIRMAN & DIRECTORS FOREGO CASH REMUNERATION TILL 30 JUNE Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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