By Gavin Gibbon
Chairman Rizwan Sajan has said the jobs of 3,600+ workforce are safe
Chairman of Dubai-based Danube Group Rizwan Sajan has revealed a decision on cutting salaries will be made later this month.
However, he has stressed that, despite a 75 percent drop in revenue, there will be no job losses among his 3,600+ workforce.
Sajan told Arabian Business: “For the moment, the March salaries were fully paid, for the April salaries we’re going to decide how to manage and looking at the cash flow. For the April salary I will be making a decision on April 25.”
Asked whether that may involve an enforced drop in salaries, he added: “It can happen, it may not happen. It depends on the cash flow situation.”
Currently between 95 and 98 percent of staff are working from home during the Covid-19 crisis, as per Dubai Government guidelines, with only “a few” showrooms open to supply the construction industry.
Despite the economic turmoil caused by the coronavirus outbreak, Sajan said he has no intention of making and redundancies.
“I always believe that the strength of Danube is the staff who have worked with me for so many years and created Danube what it is. In a crisis, I can’t think in my wildest dreams of leaving them. That’s the last thing that will happen,” he said.
“It’s very important that you keep your staff happy and motivated and as soon as the market bounces, they will be back in the business. At this time we cannot give any job insecurity. That’s the last thing we should do with them,” he added.