Melisron reported a cut in executive and board wages in light of Corona

Melisron reported a cut in executive and board wages in light of the Corona crisis and damage to the company's operations. According to the report, Chairman of the Board Liora Ofer is giving up monthly benefits; the CEO and VP will absorb a cut of 20% of their salary;
Melisron is a mall company, and as such, is exposed to the country's guidelines most acutely. The company noted that the directives - which include shopping malls and entertainment venues, including restaurants and cafes, and reducing access to workplaces - led to the closure of most stores in the company's malls. This is except for the continued operation of essential places, such as supermarkets, pharma chains, banks and clinics.
The company noted that office complexes, including the offices located adjacent to malls, will continue to be open. Melisron also said it was in contact with tenants - some of whom approached the company with requests for freeze or deferral of payments - to find agreed and tailored solutions to deal with the current crisis, given the circumstances and implications of government directives.
Regarding the economic implications for the company, Melisron said: "At this time, the company is unable to assess the extent of the spread of the Corona virus and government directives on the company's activities, including, among other things, the current uncertainty and frequent and changing government directives, which They have a material impact on the scope of the economy as a whole and the company in particular.
"Without detracting from the foregoing, in the Company's estimation at the present time, the Company's financial strength is reflected, inter alia, in the Company's high cash and liquid balances, the scope and quality of its assets and the long-term payables of most of its loans, which will enable the Company to reduce the extent of its exposure. To the crisis and to meet its existing and expected obligations. "