April 23 (Reuters) – Aston Martin Lagonda Global Holdings PLC:
* ASTON MARTIN LAGONDA – STRATEGY/COMPANY/OPERATIONS UPDATE
* ASTON MARTIN – PLANNED REOPENING OF PRODUCTION FACILITIES, BUSINESS PROTECTION MEASURES AND REMUNERATION
* ASTON MARTIN – INTENDS TO REOPEN ITS ST ATHAN MANUFACTURING FACILITY ON MAY 5
* ASTON MARTIN – ALSO BEEN WORKING CLOSELY WITH ITS SUPPLIERS TO SECURE SUPPLY ALIGNED TO THIS TIMING
* ASTON MARTIN – IT INTENDS TO REOPEN ITS ST ATHAN MANUFACTURING FACILITY ON MAY 5 FOLLOWING PUBLIC HEALTH WALES AND ENGLAND GUIDELINES
* ASTON MARTIN – FROM REOPENING ST ATHAN, GAYDON MANUFACTURING OPERATIONS ARE PLANNED TO RESUME LATER
* ASTON MARTIN – MAJORITY OF COMPANY’S WORKFORCE IS CURRENTLY FURLOUGHED
* ASTON MARTIN – SENIOR LEADERSHIP HAS AGREED TO A VOLUNTARY REDUCTION IN PAY
* ASTON MARTIN – EMPLOYEES WHO CONTINUE TO BE FURLOUGHED FROM 1 MAY WILL RECEIVE 80% OF THEIR BASE SALARIES FROM THEN
* ASTON MARTIN – IN HIS ROLE AS EXECUTIVE CHAIRMAN, LAWRENCE STROLL HAS ELECTED TO RECEIVE A NOMINAL SALARY ONLY, OF £1 PER ANNUM
* ASTON MARTIN – NON-EXECUTIVE DIRECTORS ARE WAIVING 35% OF THEIR FEES AND CHIEF EXECUTIVE OFFICER IS WAIVING 35% OF HIS BASE SALARY
* ASTON MARTIN – VICE PRESIDENTS ARE WAIVING 20% OF THEIR BASE SALARIES
* ASTON MARTIN – OTHER MEMBERS OF SENIOR MANAGEMENT HAVE ALSO BEEN ASKED TO VOLUNTARILY WAIVE 5%-10% OF BASE SALARY DEPENDING ON SALARY LEVEL
* ASTON MARTIN – REDUCTION IN PAY WILL BE APPLIED RETROSPECTIVELY FOR A THREE-MONTH PERIOD FROM 1 APRIL AND WILL BE KEPT UNDER MONTHLY REVIEW Source text for Eikon: Further company coverage: