- Saturday, April 20, 2024
By: Mohnish Singh
Just days after content czarina Ekta Kapoor announced her decision of foregoing her salary for an entire year in the wake of COVID-19 crisis, the news is coming in that employees at her firm will be facing 20 – 50 % pay cuts for the next three months.
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Yes, you read it right! A popular tabloid reports that employees at Kapoor’s ALTBalaji and Balaji Motion Pictures will face a three-month pay cut to help the company deal with the fallout of the Coronavirus crisis. Reportedly, the wage reduction process has already commenced.
“On Monday, the staff was apprised of the decision. Those with annual salaries of up to ₹12 lakh will have to take a 20 percent pay cut while those in the ₹12 lakh to ₹36 lakh bracket are looking at a 25 percent pay reduction. A 30 percent pay cut is being implemented for those with annual pay packages between ₹36 lakh and ₹60 lakh, and the senior management will take only half their pay. The variable pay that is disbursed at the year-end is likely to be delayed as well,” a source in the know informs the publication.
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Talking about the upcoming projects of Balaji Motion Pictures, the production house has a number of high-profile films at various stages of production, including KTina, Pagglait and Ek Villain 2, to name a few.
