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Per the company, the preemptive measures would help it save more than $200 million in costs. As part of the reductions, Sabre has already taken a few actions, including a temporary pay reduction for the U.S.-based salaried workers and a 25% pay cut for the CEO. Sabre to cut $200 mln in costs by temporarily cutting pay, suspending dividend and halting buybacks Published: March 20, 2020 at 8:09 a.m. ET Sabre Corporation SABR announces pay cuts, as well as suspended dividend and share repurchases in an effort to preserve cash and maintain ample liquidity amid a possible financial crisis due to the coronavirus outbreak. Sabre is a global technology company. Furthermore, Sabre has decided to … The Investor Relations website contains information about Sabre Corporation - IR Site's business for stockholders, potential investors, and financial analysts. Sabre (SABR) announces multiple preemptive measures, including pay cuts, and suspension of dividend and share-buyback programs, to preserve cash and improve liquidity. The cuts range from offering voluntary unpaid leave, severance and early retirement to staff across the world to … Our innovative technology is used by more than a billion people around the world to plan, book and get to their … The company noted that the pay cut is a temporary measure undertaken to combat the crippling impact of coronavirus on its finances. By Jamie Biesiada | Mar 20, 2020 | In response to the Covid-19 coronavirus outbreak, Sabre has announced cost-cutting measures to … Also, the company will reduce the cash retainer for its board members. Sabre implements pay cuts, other cost-cutting moves. The company noted that the pay cut is a temporary measure undertaken to combat the crippling impact of coronavirus on its finances. Furthermore, Sabre had decided to temporarily suspend its 401(K) program for U.S. employees. Travel tech provider Sabre has announced a large swathe of measures to mitigate the financial impact of the coronavirus outbreak.. Sabre also noted that the pay cut is a temporary measure to combat the crippling impact of the coronavirus crisis on its finances. Furthermore, Sabre has decided to … Sabre also noted that the pay cut is a temporary measure to combat the crippling impact of the coronavirus crisis on its finances.

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