Nov 9 (Reuters) - Northern Minerals Ltd NTU.AX :
* Cost reduction and resizing measures introduced NTU.AX
* Says company has completed an internal review and restructure of the organisation
* Says reset of executives employment contracts including reduction in salary of 50% effective 1 November 2015
* Says immediate reduction in staff numbers, with redundancy of a number of positions at browns range and head office
* Says reset of managing director / CEO employment contract including reduction in salary of 50% effective 1 November 2015
* Says remaining staff contracts will be reset with a 20% reduction in remuneration for all positions
* Source text for Eikon ID:nASX9CJl5S