BRIEF-Wyndham Hotels & Resorts Says Nearly Half Of Company's 2,500 Corporate Payroll Staff Worldwide Are Impacted As Part Of Co's Cost Cutting Measures

March 30 (Reuters) - Wyndham Hotels & Resorts Inc (WH):

* WYNDHAM HOTELS & RESORTS INC (WH) - NEARLY HALF OF COMPANY'S 2,500 CORPORATE PAYROLL STAFF WORLDWIDE ARE IMPACTED AS PART OF CO'S COST CUTTING MEASURES

* WYNDHAM HOTELS & RESORTS (WH) - STAFF WORLDWIDE IMPACTED EITHER THROUGH WORKFORCE REDUCTIONS, SALARY REDUCTIONS OR REDUCED-HOUR WORK WEEKS

* WYNDHAM HOTELS & RESORTS (WH) - EXPECTS TO INCUR TOTAL PRE-TAX CHARGES OF APPROXIMATELY $15 MILLION TO $18 MILLION IN CONNECTION WITH COST CUTTING ACTIONS

* WYNDHAM HOTELS & RESORTS INC (WH) - UNDER COST CUTTING PLAN, COMPANY WILL ELIMINATE APPROXIMATELY 270 POSITIONS

* WYNDHAM HOTELS & RESORTS INC (WH) - EXPECTS INITIATIVE TO BE SUBSTANTIALLY COMPLETE IN Q2 & ANNUAL SAVINGS REALIZED WILL BE APPROXIMATELY $30 MILLION

* WYNDHAM HOTELS & RESORTS INC (WH) - COMPANY'S PRESIDENT AND CEO, GEOFFREY A. BALLOTTI, WILL FORGO 100% OF HIS 2020 BASE COMPENSATION INDEFINITELY

* WYNDHAM HOTELS & RESORTS (WH) - CEO SALARY REDUCTION WILL BE EFFECTIVE UNTIL SUCH TIME AS COMPENSATION COMMITTEE DETERMINES OTHERWISE IN LIGHT OF COVID-19 Source: (https://bit.ly/2JnUnsq) Further company coverage:

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.