The Covid2019 pandemic forced several organisations to go for salary cuts across the board. The management at Reliance Industries (RIL) also opted for pay deduction at all levels across Viacom18 in April 2020. However, in a positive development, RIL has rolled back the salary cuts at Viacom18 and the employees will be offered their deducted salaries as arrears in the coming months.
Starting this month, employees will receive their full salaries along with the arrears.
Sources close to the development confirmed the news.
Reports also suggest that Reliance has done the same for its other divisions such as hydrocarbons, oil and technology. It is even offering a bonus to its employees for being with the brand in the last few months.
At the broadcaster level, the channels are now working towards restoring full salary of their staff owing to an improvement in advertising spends. They are slowly suspending the voluntary pay cuts and releasing the pending performance bonuses. Media reports say that Star had already ended the voluntary pay cuts and Zee will be releasing the pending variable pay in October.