Stobart Group Limited (LON:STOB) CFO Lewis Girdwood tells Proactive to group is taking steps to safeguard its business during the coronavirus pandemic.
Girdwod says significant medium and long-term opportunities remain to increase the value of its assets, while it has taken steps to preserve liquiidity by furloughing around 50% of its staff, a 20% pay reduction for its board and senior leadership, alongside a 10% pay decrease for all other non-furloughed management.
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