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Dubai XP: Restructuring of the payroll is temporary and Marras bears the difference in the salaries of citizens

2019-09-07T14:26:26.805Z

DXB Entertainment, a Dubai-based public and private entertainment and entertainment company, has revealed that the restructuring of its employees' payroll is a temporary and temporary measure aimed at controlling the company's operating expenses.



DXB Entertainment, a Dubai-based publicly listed leisure and entertainment company, has revealed that the restructuring of its payroll is a temporary and temporary measure aimed at controlling the company's operating expenses.

She pointed out in statements to Emirates Today that the decision to cut salaries covered all employees of the company, without exception, from the CEO to the lowest salary employee, and rates ranging between 15% to 40% included salaries, incentives and benefits granted to employees.

An official at Meraas Holding Group, a partner in the company, said that it decided to bear the difference in the costs of reducing salaries and benefits for the citizens in the company from its support for Emiratisation.

DXB Entertainment, a publicly listed company listed on the Dubai Financial Market (DFM), has revealed that the restructuring of the company's payroll is a temporary and time-consuming procedure that is subject to cost review by the company to achieve greater operational efficiency.

He pointed out that the company in the past periods has been giving incentives and benefits to its employees, but the challenges facing the company in the current period prevented it, where it came to the need to develop a plan so that the company continues to work and maintain its cadres, calling on workers to bear this stage to maintain continuity in market.

He pointed out that the company has the right in the event of losses to consider adjusting its operating expenses to ensure an expected improvement in the situation during the coming period, in conjunction with the control of operating expenses, which can improve the salaries of the company's employees in the future.

The source stressed that for the citizens working in the company, they were met by the CEO of the company in order to ensure transparency and to answer their inquiries, because of the importance of retaining the national staff for the company, but ensuring a comfortable position for them in conjunction with this latest amendment to the salary scale and incentives And bonuses.

He added: "Despite the restructuring of the company's finances several times since the current management took office in 2017, no citizen contract has been canceled."

Marras bears the cost of salaries for national employees

An official at Meraas Holding Group, a partner in the company, said that it decided to bear the difference in the costs of reducing salaries and benefits for the citizens in the company from its support for Emiratisation.

DXB Entertainment, the official source, said the company continues to support citizens to keep pace with developments in the entertainment sector by sending them specialized programs in the entertainment sector annually to the United States.

The source pointed out that the decision to reduce salaries included all employees of the company without exception, contrary to what is being promoted, which is that only some of their salaries have been reduced, stressing that all employees have been to apply the new salary scale and allowances, pointing out that the recent amendment to the salary scale and allowances included a reduction On the contracts, bonuses and benefits for all employees from the CEO to the lowest salary, benefits and allowances included in the reduction of annual tickets due to employees, education allowances for children and a telecommunications allowance (telephone) by between 15% and 40%, and the reduction was not equal Yeh to everyone, but according to the nature of the work of each employee, with rates not a single Al all employees.

The source pointed out that the recent revision of the salary system has been rescheduled in a way that is commensurate with the salaries in the entertainment and hospitality sector and is in line with the reduction of operating costs, which is adopted by the management as a listed company in the local stock market to achieve profit in the future. Employees of the company after the adjustment increase by 20% ؜ higher than the domestic market.

Source: emara

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