Prominent radio personality Maina Kageni has revealed he had to make adjustments after he received a 30% salary cut which was effected on April, 2020.
This was after Radio Africa group came up with business continuity measures to cope with the coronavirus pandemic.
Speaking to Faida Investment Bank CEO Bob Karina on his online show, Maina said he had to reach out to his bank to come up with new measures.
“LIKE US, WE WERE CHOPPED 30%! THE FIRST THING I DID, FIRST OF ALL, WAS CALL MY BANK AND TELL THEM WE NEED TO RESCHEDULE SOME STUFF.
LIKE YOU SAID, THE INSURANCE COMPANIES, THAT WAS ONE OF THE THINGS I DID SO THAT MY PAIN IS SHORTENED EACH AND EVERY MONTH,” KAGENI STATED.
Many companies have been giving employees salary cuts while some have opted to send their employees on unpaid leave.
Royal Media is among companies that have also given employees a salary cut.
In an internal memo released by management weeks ago, RMS says its workers will be subjected to a compulsory pay cut of between 20% and 30%.
“THE UNPRECEDENTED OUTBREAK OF THE CORONAVIRUS IN THE WORLD AND KENYA, IN PARTICULAR, HAS HAD SERIOUS REPERCUSSIONS ON BUSINESSES, INCLUDING OURS,” ROYAL MEDIA SERVICES MD WACHIRA WARURU SAID IN THE MEMO, DATED 27TH MARCH.
“THIS REALITY NECESSITATES THAT WE TAKE DIFFICULT BUT NECESSARY MEASURES TO SEE US THROUGH THIS PERIOD, ONE OF WHICH IS TO SCALE DOWN OUR OPERATIONS UNTIL THE SITUATION NORMALIZES.”