March 23 (Reuters) - Helloworld Travel Ltd HLO.AX :
* UPDATES ON CORONAVIRUS IMPACTS
* ACTIONING 275 REDUNDANCIES IN VARIOUS COUNTRIES AT ESTIMATED COST TO BUSINESS OF $1.4 MILLION.
* INITIATING STAND DOWN OF ABOUT 1,300 OR 65% OF HLO GROUP WORKFORCE ACROSS ALL COUNTRIES
* HELLOWORLD TRAVEL - CEO & EXEC DIRECTOR WILL, EFFECTIVE IMMEDIATELY, TAKE NO SALARY FOR NEXT 3 & HALF MONTHS TO 30 JUNE
* ALL REMAINING PERSONNEL WILL BE OFFERED REDUCED WORKING HOURS