Dubai – Mubasher: Emaar Properties has decided to cut the salaries of the board by a range from 30% to 100% due to the precautionary measures against the coronavirus (COVID-19) pandemic.
The salary reduction has been effective since the beginning of April, according to the company's letter to employees seen by Mubasher.
Emaar Properties' chairman, Mohamed Alabbar, has seen a 100% salary reduction.
Meanwhile, the salary of the senior management, middle management, and junior staff has been deducted by 50%, 40%, and 30%, respectively.
The support staff working full-time will not see salary deduction, while those who are on leave or not currently operating will take 15% of their salaries, in addition to accommodation and medical benefits.
