April 30 (Reuters) - R3D Global Ltd R3D.AX :
* EXPECTS TO SEE LESS DEMAND FOR ITS INVESTOR RELATIONS SERVICES IN NEAR TERM
* UNDERTOOK INITIATIVES, INCLUDING 20% SALARY CUT FOR CEO, EFFECTIVE FROM APRIL TO MAY
* SALARY CUT FOR ALL STAFF BY 20% FOR 2 MONTHS WITH DEFERRED DEDUCTION UNTIL JUNE
* CHAIRMAN OF BOARD HAS ELECTED TO FORGO COMPENSATION FOR APRIL AND MAY
* REDUCING HEADCOUNT IN AREAS OF BUSINESS WHERE ADDITIONAL STAFF NOT REQUIRED IN NEAR TERM
* NEGOTIATED SINGAPORE OFFICE RENTAL REDUCTION OF 15% FROM APRIL TO SEPT