Aehr test systems says co will expand previously announced cost reduction initiatives

Aehr test systems - on sept 8, communicated to employees that due to business downturn resulting from covid-19, co will expand cost reduction initiatives.aehr test systems - temporary cost reduction measures, implemented in q4 of fiscal 2020, included mandatory vacation and shutdown days.aehr test systems - expanded initiatives include reduction in executive officer salaries, increase in mandatory shutdown days, and furlough of employees.aehr test systems says cost reduction measures are expected to result in savings of over $500,000 per quarter - sec filing.aehr test systems says on sept 2, board approved temporary reduction to base salary of ceo, cfo and other named executive officers.
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