May 1 (Reuters) - Cellnet Group Ltd CLT.AX :
* REVENUE IN APRIL ABOUT 60% LOWER THAN EXPECTED PRE-COVID-19 REVENUE FOR MONTH
* IMPLEMENTED NEGOTIATED 25% REDUCTION IN BOARD & 20% REDUCTION IN CO-WIDE EMPLOYEE REMUNERATION
* ALL EMPLOYEES MOVING TO 4 WORKING DAYS PER WEEK AND A CORRESPONDING 20% REDUCTION IN SALARY AND WAGE COST
* SIGNIFICANT REDUCTION IN REVENUE IS EXPECTED TO CREATE A MATERIAL LIQUIDITY SHORTFALL