ARN implements cuts for staff, on-air talent and board in response to COVID-19
Australian Radio Network (ARN) will move staff to four-day weeks and reduce management and board salaries by 20% in a bid to curtail the economic impact of COVID-19 (coronavirus).
In addition, on-air talent, including Kyle Sandilands, Jackie ‘O’ Henderson, Brendan ‘Jonesy’ Jones, Christian O’Connell and Amanda Keller, will take a minimum 10% reduction in their fees, while continuing to work five-day weeks.
ARN’s network of audio brands
Staff moving to four-day weeks can access annual leave entitlements to help offset the impact on their take-home pay, as long as they have sufficient leave accrued. ARN said staff will be allowed to take a portion of lave in advance of earning it. Mumbrella understands these measures will be reviewed in three months and are set to be corrected when the market allows for it. It is not yet clear how much negative leave staff can utilise before it becomes unpaid, but Mumbrella has asked the question.
Kyle and Jackie take pay cuts of 10%????? Love to see the pay packets reflect????
I think you should do an article/inquiry into media ceo/management salary and inequality. By my rough estimate judging by the ht&e 2019 report, Arn’s ceo will still earn over 1.1m this year, not taking into account earnings from shares, even with a 20% paycut. While it’s commendable that his paycut is higher than some other media companies, he’s hardly going to be lining up at centrelink. The people in charge at these companies have been very well looked after (and still will be) while the employees they’ve built their businesses on will be struggling to pay the bills. Perhaps there should be other options available for staff like paycuts in exchange for shares or increased wages when the crisis has passed? It seems that the money from exec salaries could keep a lot of employees afloat.