March 23, 2020 / 1:37 AM / 10 days ago

BRIEF-Helloworld Travel Updates On Coronavirus Impacts

March 23 (Reuters) - Helloworld Travel Ltd:

* UPDATES ON CORONAVIRUS IMPACTS

* ACTIONING 275 REDUNDANCIES IN VARIOUS COUNTRIES AT ESTIMATED COST TO BUSINESS OF $1.4 MILLION.

* INITIATING STAND DOWN OF ABOUT 1,300 OR 65% OF HLO GROUP WORKFORCE ACROSS ALL COUNTRIES

* HELLOWORLD TRAVEL - CEO & EXEC DIRECTOR WILL, EFFECTIVE IMMEDIATELY, TAKE NO SALARY FOR NEXT 3 & HALF MONTHS TO 30 JUNE

* ALL REMAINING PERSONNEL WILL BE OFFERED REDUCED WORKING HOURS Source text for Eikon: Further company coverage:

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