Telecel Cuts Its Employees' Salaries To ZW$800
Telecel Zimbabwe has reportedly cut its workers’ salaries to just ZW$800 (around US$16) per month.
The company allegedly sent an email to its employees, informing them that the pay cuts were due to pressures exerted on the business by Covid-19. The email read:
This mail serves to inform you that due to the lockdown, our revenues have declined whilst our fixed and indirect costs continue to increase. This has put a strain on overall business performance.
A decision has been made to immediately pay a provisional salary through Telecash for the month of April whilst analysis of the financials are being done.
We would like to take this opportunity to thank all employees for their contribution as they work from home and those who have been physically present.