COVID-19: GOVERNMENT TO ENFORCE PAY CUTS

News
Written By NOCWeb .

Ministry of Finance (MOF) has sent a circular to all the companies the Government is a shareholder to, informing that pay cuts are to be implemented for employees with MVR 15,000 and above salaries.Alterations to the pay structure are to be sent to the Ministry before 5 May 2020 and shall be implemented by the company upon approval by the Ministry.The circular further stipulates guidelines for bringing alterations to the pay structure.

NOCWeb .
Previous

COVID-19: BML BRANCHES AND SERVICE CENTERS REMAIN CLOSED
Next

COVID-19: LOCKDOWN IN GREATER MALÉ REGION