Posted: May 7th, 2020
An extract from Reach plc’s four-month trading statement to investors:
“On 6 April, we confirmed that a number [of] cash conservation and cost reduction measures had already been introduced. Further to these actions we also announced additional measures including pay reductions, suspensions of all 2020 bonus schemes and furloughing of a number of colleagues, as well as the cancellation of the 2019 final dividend. These changes were successfully implemented shortly after the announcement. In addition, we began discussions with pension funds about a three-month deferral of monthly contributions which has now been agreed.“
If you haven’t caught up with John Jackson’s hilarious memoirs yet, you can enjoy a preview in Members’ Noticeboard.
SEVERAL members have been in touch to tell us their Spring Mirror Pensioner has never arrived. We’ve posted replacement copies, of course.
FORMER Daily Mirror sub-editor Alan Livermore has joined the AMP Committee. You can read all about him using the drop-down menu: About …