By Gavin Gibbon
Staff have taken temporary scaled salary adjustments and reduced working hours amid coronavirus outbreak
Staff at Dubai-based Wafi Group have taken temporary pay cuts, starting from 25 percent.
Over 4,000 members of staff have been impacted by the scaled salary adjustments, which are scheduled to last until the end of June, in light of the current coronavirus pandemic.
The company’s flagship Wafi Mall has been closed as per national guidelines to guard against the spread of Covid-19, while the remainder of the business, which includes entities in hospitality, property, transport and the industrial sectors, is working on reduced hours.
Abdullah Ibrahim, director – admin, HR & local affairs, Wafi Group, told Arabian Business: “To further limit the spread of the virus, we have implemented reduced working weeks and staff have been encouraged to take accrued annual leave. A salary adjustment structure has been put in place for a percentage reduction on basic salaries, allowances remain untouched.”
Ibrahim, however, stressed that there were no plans to shed jobs at this time.
He added: “Despite the impact the virus has had on the business, in particular hospitality and retail, there have been no redundancies and we feel that this implemented approach will protect the Group’s interests and employment during this challenging time and also prepare us for the future when business returns back to normal.”
The Central Bank of the United Arab Emirates (CBUAE) announced on Sunday that it has doubled to $70 billion a stimulus package to support the Gulf state's economy amid the coronavirus pandemic.
The UAE, where 2,076 coronavirus cases and 11 deaths have been reported, has introduced strict measures including halting travel and closing shopping malls and entertainment venues.
On Saturday night, Dubai, one of the seven emirates making up the UAE, announced a two-week lockdown in which it will carry out tests in densely populated areas and complete a widespread sterilisation programme in every community.