ABC Friends News

ABC boss takes pay cut; cancels bonuses

The ABC’s Managing Director, David Anderson, has written to staff, telling them he will take a temporary 5% pay cut and will eliminate bonuses for himself and other senior managers this year.

The email message, distributed on Wednesday (May 20th, 2020), comes as staff brace for a round of further job losses.

DavidAndersonCorpSite-500x375

(David Anderson)

The email said:

 

The ABC decided in April that it was not appropriate in the current environment to pay bonuses to senior executives or any salary at-risk payments this financial year, and as managing director, I declined the 2% increase that would have been paid to me pursuant to the Remuneration Tribunal determination this July.