BuzzInContent Awards 2020 - December 9, 2020 SHORTLIST

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Zee Group's senior management across the board opts for a salary cut

According to the sources, the salary cut will be for two months, which will be paid over the next six months

Following the uncertainty due to the nationwide lockdown, Zee Group's senior management across the board has come together to stand by the company during this difficult phase and voluntarily taken salary cuts.

According to multiple sources, the salary cut will be for a couple of months, which will be paid over the next six months.

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Along with the cut, the last year's bonus payout will be done in two parts in this fiscal year. 50% payment will be made in May while the remaining part will be paid in October.

Besides, salary increments across the board have been put on hold until the economic conditions improve.

Like Zee, television entertainment behemoth Star India’s senior management has opted for a salary cut.

Also read: TOI lays off Times Life staff in just third week of lockdown

Also read: HT Media goes for pay cuts in the form of deferment across publications

Also read: Raghav Bahl’s The Quint sends 50% workforce on leave without pay

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Tags: Zee Group
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