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Stock impact report

Churchill Downs Incorporated Announces Temporary Employee Furloughs at Certain Properties

Churchill Downs, Incorporated (CHDN) 
Last churchill downs, incorporated earnings: 4/29 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.churchilldownsincorporated.com
Company Research Source: GlobeNewswire
LOUISVILLE, Ky., March 25, 2020 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today the temporary furlough of employees at certain properties that temporarily ceased operations following local or state government-ordered closure undertaken to combat the impact of the COVID-19 pandemic. Temporary furloughs at properties that have been impacted by the closures will begin immediately. CDI is taking steps to limit the impact of these actions on team members by continuing to provide health, dental, vision and life insurance benefits to furloughed employees. All remaining salaried employees across the Company will receive a salary reduction based on a percentage that varies dependent upon the amount of each employee’s salary. The most senior level of executive management will receive the largest salary decrease based on both percentage and dollar amount. These salary reductions will be in effect until the Company begins to return to n Show less Read more
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