NDTV (New Delhi Television) has announced that they would be implementing a salary for employees from 1st April, this major decision came due to coronavirus pandemic as company is facing a revenue drop.
Key Highlights Of Salary Cut
- NDTV Group has been forced to implement a salary cut, effective April 1, of between 10 % – 40 % based on income slabs
- Salary deduction will be there for three months (subject to detailed review at the end of the period ) across its employee base
- There will be no cuts for employees earning Rs 50,000 per month or less
According to BSE filing Of NDTV” Due to impact of decreasing advertisement revenue accelerated by the onset of the COVID-19 pandemic, together with the uncertainty surrounding the recovery of the global and Indian economy, has forced the NDTV Group to undertake certain cost-cutting measures with immediate effect.
