Nuverra announces cost reduction initiatives in response to current market conditions

Announces cost reduction initiatives in response to current market conditions.reduced select other executive salaries by 20%.effected headcount reduction, including changes made earlier in q1, of approximately 100 employees.reduced board and ceo compensation by 25%.adjusted all other exempt and non-exempt non-contracted salaries by between 10% and 20%.materially scaled back operations in two completions-related businesses and closed one location.reduced other non-critical operaing expenses.co is targeting 25% to 30% reduction in capital expenditure budget, is actively reviewing organizational structure.
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