BRIEF-Sappi Ltd Says Board Volunteered 10% Reduction In Salaries For Three Months Ending June 2020

  • Reuters
  • Stock Market News
BRIEF-Sappi Ltd Says Board Volunteered 10% Reduction In Salaries For Three Months Ending June 2020
Credit: © Reuters.

April 8 (Reuters) - Sappi Ltd SAPJ.J :

* JSE: SAP - SAPPI LIMITED BOARD AND LEADERSHIP TEAMS IMPLEMENT PAY CUT ; CONFIRM NO SHORT-TERM INCENTIVE BONUSES FOR 2020

* SAPPI LTD - BOARD AND REGIONAL LEADERSHIP TEAMS HAVE VOLUNTEERED A 10 PERCENT REDUCTION IN SALARIES OR FEES FOR THREE MONTHS ENDING JUNE 2020

* SAPPI LTD - LEADERSHIP TEAMS WILL RECEIVE NO SHORT-TERM INCENTIVE BONUSES FOR 2020 FINANCIAL YEAR

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