https://kenyanwallstreet...s-salaries-by-up-to-35/
The Nation Media Group (NMG), considered the largest media firm in the region, has announced plans to slash salaries for its employees, a move that seeks to cushion the media house from the impacts of COVID-19 that has seen business across all sectors take a dip, revenue-wise.
According to a statement signed by NMG Group Executive Director, Stephen Gitagama, there will be a temporary reduction in the pay for all staff earning a gross monthly income of KSh50,000 and above, ranging between 5% and 35%, depending on earnings.
The Group further reports that its Board of Directors has also taken a reduction in their Director’s fee.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle