IncentiaPay: Reduces workforce cost by 40pc, expects lower sales
- IncentiaPay (INP) has reduced cost of its workforce by 40 per cent and will have lower sales due to the coronavirus
- The company has reduced its employees salaries and working hours
- Senior executives and the Board have also agreed to reduce their salary by between 30 to 40 per cent
- Following the governments’ decision to close pubs, restaurants and clubs, IncentiaPay is expecting to have a drop in sales from its merchants
- The company expects that these measures will affect merchants on its Entertainment platform
- On market close, IncentiaPay is down 20 per cent and is selling shares for 0.8¢ per share
