News Broadcasting
NDTV to end pay cuts for employees
KOLKATA: To fight the uncertainty caused by Covid2019 pandemic, many organisations resorted to pay cuts to take forward the business. While NDTV announced a salary cut in April, it will end pay cuts for all employees who took a 10-20 per cent cut, effective 1 August.
It announced the salary cut from 1 April for a period of three months, "subject to detailed review at the end of the period." It also mentioned that there would be no cuts for employees earning less than Rs 50,000 a month.
At the time of announcing pay cut, NDTV said that it was "forced to undertake certain cost-cutting measures" as a result of the "impact of decreasing advertisement revenue accelerated by the onset of the Covid2019 pandemic, together with the uncertainty surrounding the recovery of the global and Indian economy."
“Upon review, it has been decided that through 1 July, the existing pay cuts shall continue but effective 1 August 2020, NDTV Group will end pay cuts for all employees who took a pay cut between 10-20 per cent,” it informed stock exchanges on Monday evening.
