Grant Broadcasters confirms multiple redundancies & pay cuts
Regional radio network Grant Broadcasters has cut some jobs and salaries.
The company’s senior executives have also taken a reduction in their base salaries as it prepares for its advertising revenue to decline a result of the COVID-19 pandemic.
Chief executive officer, Alison Cameron, didn’t say how many roles had been made redundant, but she did reassure the industry its people come first.
“Like all other media, Grant Broadcasters is experiencing a significant downturn in revenue as a result of the restrictions placed on businesses and outdoor activities,” said Cameron.
“We have taken prudent measures to ensure that we can retain as many staff as possible through these trying times.
“We are committed to making sure that we give our people the best possible individual support, as well as continuing to provide the most relevant news and content to our local communities.”
The broadcaster is hoping the Government’s latest stimulus package will help it retain staff, but warned that further cuts could be made depending on the announcement.
Treasurer Josh Frydenberg has indicated the Government will unveil a new wage subsidy plan later today, which reportedly involves paying employers $1,500 per fortnight for each employee they keep on over the next six months.
In further cost-saving measures, Grant Broadcasters has also reduced its number of casual staff, travel and client hospitality.