April 3 (Reuters) - Servcorp Ltd SRV.AX :
* ANTICIPATE, AND ARE PLANNING FOR, A SIGNIFICANT BUT TEMPORARY REDUCTION IN SERVICED OFFICE OCCUPANCY AND COWORKING UTILISATION
* TO STAND DOWN OR MAKE REDUNDANT MORE THAN 100 TEAM MEMBERS GLOBALLY
* MAJORITY OF REMAINING TEAM MEMBERS HAVE AGREED TO REDUCE THEIR SALARY BY 20%
* NON-EXECUTIVE DIRECTORS HAVE SIMILARLY AGREED TO A REDUCTION OF FEES BY 20%, AND CEO HAS REDUCED HIS SALARY BY 50%
* CEO HAS REDUCED HIS SALARY BY 50%
* COVID-19 UPDATE
* LANDLORDS ARE FAVOURABLY CONSIDERING RENT REDUCTIONS