ARN Announces Reduced Staff Hours & Pay Cuts Amid Coronavirus Crisis

ARN Announces Reduced Staff Hours & Pay Cuts Amid Coronavirus Crisis

ARN today announced measures in response to the impact of the decline in advertising revenue created by the Coronavirus (COVID-19) crisis.

Since March, ARN has significantly reduced costs across the business in order to protect jobs. This has included a review of discretionary spending, putting recruitment on hold and encouraging staff to take annual leave.

As of today, however, additional cost-cuts have been implemented to further help the business stay afloat amid the crisis.

All full-time staff will reduce their full-time equivalent working week by one day.

Staff can access their annual leave entitlements to help offset the impact on take-home pay for as long as they have leave accrued, and all staff will be allowed to take a portion of leave in advance of earning it.

On-air talent will continue to broadcast five days a week as usual while taking a minimum of 10 per cent reduction in fees across various cost control measures.

The board, CEO and management team are taking a 20 per cent reduction in salaries for an initial six month period and will forgo all incentive and bonus payments in 2020.

ARN CEO Ciaran Davis (pictured) said: “Although ARN is in a strong position, like all media businesses our revenue has been significantly impacted by COVID-19.

“The priority of the Board and management team is the safety and wellbeing of all of our staff. These decisive measures have been put in place to protect jobs and ensure ARN remains in a strong position as a stable business – and employer – in the long term.

“Australia is facing a widespread fall in marketing and advertising activity and our response to this crisis is being reviewed on an on-going basis as we assess the revenue performance over the coming weeks and months. 

“I’d like to thank all our team members for ensuring that our recent transition to working from home has been controlled and managed effectively. ARN’s technology investments have meant our radio broadcasts have been unaffected and even under any potential tightening of lock-down measures across the community, ARN is confident all of our shows will remain broadcasting uninterrupted across our network. 

 “During times when the nation needs a sense of community, connection and some normality, the power of radio is undisputed and we remain dedicated to providing the best possible content for our audiences and delivering solutions to our clients across broadcast radio, on-demand audio, and digital. I am confident the measures we have implemented today will put ARN in the strongest position possible to endure and succeed in these uncertain times.”

 

 




Please login with linkedin to comment

ARN covid-19

Latest News

Man of Many Partners With NBC Universal For Red Carpet ‘Argylle’ Premiere
  • Campaigns

Man of Many Partners With NBC Universal For Red Carpet ‘Argylle’ Premiere

Man of Many in partnership with NBC Universal, stages an atmosphere of elegance for Sydney premiere of ‘Argylle’ film. Independent lifestyle publication digital publication, Man of Many, has shown its innovative approach to event management in the premiere of ‘Argylle’ at Hoyts Cinema in Sydney’s entertainment quatre. Over 400 guests were included in the films […]

Kargo Powers Cross-Channel Performance For APAC Advertisers With CORE
  • Advertising

Kargo Powers Cross-Channel Performance For APAC Advertisers With CORE

Kargo, a leading provider of full-funnel advertising solutions across mobile, desktop, and TV screens, is excited to announce the launch of CORE (Create Once, Run Everywhere) in APAC. CORE is built on creative science and empowers advertisers to easily use their creative assets across screens for seamless campaign performance at scale. A combination of creativity […]

Gravity Media & Supercars Media Drive 400 Hours Of All-Screens Coverage Of This Year’s Repco Supercars Championship
  • Media

Gravity Media & Supercars Media Drive 400 Hours Of All-Screens Coverage Of This Year’s Repco Supercars Championship

Supercars Media and Gravity Media, a world-leading global provider of complex live creative production and media services, today confirmed the broadcast and technology partnership to deliver coverage of this year’s Repco Supercars Championship across Australia and multiple international territories. This year, Gravity Media Australia and Supercars Media will travel more than 40,000 kilometres to deliver […]

Slew Of New Promotions & Hires As Thrive Announces Melbourne Leadership Team
  • Marketing

Slew Of New Promotions & Hires As Thrive Announces Melbourne Leadership Team

Thrive PR Melbourne has kicked off the year with new appointments, promotions and a new leadership team, marking the delivery of a transformation strategy that’s seen the agency diversify and strengthen its corporate, consumer and integrated digital service offering in Victoria. Lead image:  (L-R) – Sophie Maguire, Melanie Campbell, Nathan McGregor, Zoe Raknes, Erika Rutledge, […]