COVID-19: Transguard slashes management salaries for site staff
MD, Greg Ward, said the reductions cover housing and food costs of its 12,000 plus site-staff living in its accommodations
UAE-based business solutions provider Transguard Group has slashed April salaries of its employees at management level to cover housing and food costs of its 12,000 plus site-based staff, who are currently facing temporary idleness, as an impact of the coronavirus (COVID-19) outbreak that has majorly affected the market conditions.
According to Transguard an email was circulated to the staff, which saw managing director Greg Ward explain that the reductions would equal the cost of providing three meals a day for a month to the staff living in the company’s accommodations, which is more than 900,000 meals.
Ward said: “We are a people business, and if our employees can no longer work because their contracts have been paused or cancelled, it is our responsibility to continue to ensure their health and well-being.”
The company said that the reductions, which will be reflected on April pay-slips, were on a sliding scale depending on grade, with senior management taking the largest reduction to their basic salaries.
Explaining the situation, Ward said: “Our site-based staff is the beating heart of our operation, with our management team providing the structure and support that helps move the business forward. One cannot exist without the other.”
“We refer to this incredible interconnectivity as our ‘one team’ mentality, and this week’s decision to make a sacrifice in our head office as an active show of support for our site-based colleagues is just one way we’re demonstrating that we are all in this together.
“It is a way of making the welfare of our frontline staff very tangible for our management teams,” Ward concluded.