POLITICSNIGERIA.COM EXCLUSIVE

Following the effect of the Coronavirus pandemic on the media industry, Television Continental (TVC), a broadcast television station in Lagos, has slashed its staff salaries.

This was disclosed in a broadcast message by the Chief Executive Officer of the company, Andrew Hanlon to the staff on Monday.

Mr Hanlon said the station owned by former Lagos state governor, Bola Tinubu, has been managing the business carefully since the outbreak.

"Broadcasters across the world are battling with losses. In order to save jobs and not lay off any staff, I regret to inform you that we've been forced to reduce our pay", he said.

According to him, staff earning N80,000 will get a 5% reduction, those earning between N80,000 and N200,000 will get a 10% cut.

More so, senior staff earning between N200,000 and N400,000 will get 15 per cent while those earning N400 thousand to N1 million will get a 20 per cent reduction.

"The management team and director get 25% cut while the CEO also gets a reduction," he said.

He said Pension, transport, accommodation allowances remain the same without any cut.

TVC produces and broadcasts talk, lifestyle and information shows for Nigerian audiences of all ages.

SOURCE: https://politicsnigeria.com/just-in-tinubus-tv-station-tvc-slashes-staff-salaries/

Fair enough!

That's the right thing to do. Carry everyone along.

it is a welcome developement, so far the salary will be return to normal after covid-19 main tragedy.

if that is what the business need to sustain this hard period. i support......far better than lay off.

Tinubu sef

Good

Timubu don fall hands...

Nigerians are in deed going through tough times. I believe we all can survive this period if we decide to unite while providing collective solutions to our problems, especially finance.

Now is the time for Nigerians to work on their honesty, sincerity, loyalty and faithfulness in the other person. By imbibing these qualities, someone somewhere can trust you enough with life changing opportunities.

A dishonest person will find opportunities a hard thing to come by. Change your ways and change your life.

If you doubt me, put up the practice of "unconditional love & honesty", you'll then realize what your life become.

better than sacking

Honestly I have nothing to say.

maestroferddi:
Timubu don fall hands...

they are working half-day


don't forget they get their revenue from advertisement and advert revenues are on all time low worldwide

This is a fair deal, it’s better than nothing at all they can ask those staffs that got laid off!!
But staffs dey for TVC wey dey collect 1 million+ as salary nawa o

Not bad


I went out today to hustle for food

Wahala deh ahead oh

People wey get different source of income una do well

Please plan and having at least 3 source of income oh

So this the trend right now??
Slashing workers salary/Laying them off in the midst of this Hardship!!!



I usually tell folks close to me that Nigeria is Beyond Redemption!!


The best thing that could happen to you/Me is Travelling to a Better Country if granted the resources once Normalcy has returned back to the world.

The effect is felt in almost all industries

And the staffs may well be labored twice as much, not to talk of the risks

martineverest:
they are working half-day

So paying them in full will bankrupt him, abi?

Damnnnnn niggarrr
Too bad

aminuilive:
Following the effect of the Coronavirus pandemic on the media industry, Television Continental (TVC), a broadcast television station in Lagos, has slashed its staff salaries.

This was disclosed in a broadcast message by the Chief Executive Officer of the company, Andrew Hanlon to the staff on Monday.

hope this will be over soon...else the % gets bigger

Very reasonable

The slashed amount is relatively insignificant. Honestly, I was expecting between 40 to 60% reduction. Hey don't get me wrong, not like I am happy about the reduction but it is nothing compared to what other well meaning Nigerians are passing through right now due to covid-19 pandemic.
Well, it is well even inside the well as some people would say.

All is fair

Nah sack no good

Like Atiku, like Tinubu