COVID-19 impacts Southern Cross Austereo: Pay cuts for execs & talent

Southern Cross Austereo today notified staff about a range of measures designed to protect its people and operations due to the increasing impact of COVID-19 on the business.

The new measures will see changes to SCA’s employment arrangements including:

For a six month period from 1 April 2020, all SCA people earning a base remuneration of $68,000 or above will have their remuneration reduced by 10%. This change will not apply to any SCA employees paid an award-based wage and no employee will be required to work overtime during this period.

SCA’s on air talent have offered their assistance and also reduced their fees and contracts by 10%.

• Every employee will be required to take no less than 10 days’ leave between now and 30 June 2020. Employees with significant annual or long service leave balances are asked to utilise as much leave as possible over the next six months.
• There will be no executive incentives paid during the 2020 financial year.
• All recruitment activities will cease immediately.

“We have taken these measures swiftly to protect the long term health of our business and our people. We are endeavouring to ensure our people’s jobs remain for as long as possible during this unprecedented situation we all find ourselves in,” SCA CEO, Grant Blackley, said.

“These measures will impact all of us and I would like to thank and acknowledge our incredible staff for their support and commitment to our business.”