Media giants Vision Group Uganda has announced massive salary cuts as a result of registering low business due to the coronavirus pandemic.
Vision Group owns New Vision, Bukedde TV, Bukedde radio and Bukedde newspaper, Urban TV and a series of upcountry TV, newspapers and radio stations such as Orumuri, TV West, Radio West, Rupiny and Etop.
According to an internal memo issued out Thursday to employees by the company’s CEO, Robert Kabushenga, employees earning Shs19million and about will be subjected to a 60% pay cut, those earning between Shs8million – 19million will take a 45% pay cut while those below Shs8million will be subjected to a 40% pay cut.
“This position will remain in place until further notice. Full details will be communicated in a personal letter to each staff member,” Kabushenga said, adding that further measures are still being discussed and staff will be notified accordingly.
“It is necessary for these measures to be undertaken to enable the company navigate the difficult market,” he concludes.
However, all the employees will receive their full April salary but will effect gross salary reduction effective May 2020.
