May 6 (Reuters) - Vicinity Centres VCX.AX :
* AS AT 4 MAY, 50% OF STORES OPEN, REPRESENTING 65% OF PORTFOLIO GROSS LETTABLE AREA
* NON-CRITICAL CAPITAL EXPENDITURE DEFERRED
* FY20 SHORT TERM INCENTIVE PROGRAM CANCELLED, HAVE ONGOING PROGRAM TO REDUCE COSTS
* IMPLEMENTED 20% REDUCTION IN DIRECTORS' FEES AND EXECUTIVE COMMITTEE SALARIES
* TO DECREASE WORKING HOURS FOR 70% OF TEAM MEMBERS WITH SOME BEING FULLY STOOD DOWN TO 30 JUNE 2020