March 25 (Reuters) - Redcape Hotel Group Pty Ltd RDC.AX :
* INTENDS TO STAND DOWN MAJORITY OF ITS PERMANENT STAFF
* DURING STAND DOWN PERIOD, PERMANENT STAFF WILL BE ABLE TO DRAW UPON ACCRUED LEAVE ENTITLEMENTS
* BASED ON CURRENT OPERATING RESTRICTIONS AND LOW WORKFORCE, CASH EXPENSE WITH MAINTAINING BUSINESS IS ABOUT $10 MILLION PER QUARTER
* CLOSED 32 VENUES IN RESPONSE TO STAGE 1 GOVERNMENT RESTRICTIONS ON SOCIAL GATHERINGS