Nation Media Group has announced that it is reviewing staff salaries upwards following the improved financial performance of the media company.
In an announcement by NMG Group CEO Stephen Gitama on Friday, December 4, he said that staff would get back a portion of what they had lost when their salaries were slashed earlier in the year due to the impact of Covid-19.
News anchors who are some of the highly paid employees, taking home six figures were the most affected by the pay cuts.
“Staff currently on a salary reduction ranging from 5% to 10%, will now be on full pay.
“Staff on salary reduction ranging from 15% to 35% will get a reprieve of 10%; for example, those on 15% reduction will go to 5%. This is effective from the December 2020 payroll,” the statement explained.
The salaries had been slashed after the company explained that the Covid-19 pandemic had dented its revenue.
The pay cut which was supposed to last until December 31, was then followed by a massive layoff of staff from different departments including news anchors, reporters and senior staff in the newspaper division.
The CEO thanked his team for persevering during the tough times and participation in the rebranding exercise that was launched in July.
“However, in the face of this adversity, I saw something incredible in all of us – we all came together, marshalled all our strength and fighting spirit, started doing what is necessary; then did what is possible, and steadily moved the performance needle from negative to a gradual positive recovery.
“On behalf of the board and management, I express my deepest gratitude for your passion, diligence and unwavering commitment during this pandemic,” Gitama praised.
Following the outbreak of Covid-19, many businesses were forced to close while others were forced to cut back on labour.
Apart from NMG, journalists from Standard Media Group and Mediamax also got pay cuts and layoffs in 2020.
