Emaar cuts salaries by up to 100%, spares support staff

Estimated read time 5 min read

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Consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis.” byline=”staff reporter” caption=”Emaar is a real estate developer based in Dubai.” credits=”ARCHIVE”]

Emaar cuts salaries by up to 100%, spares support staff

 

DUBAI – Emaar has cut down salaries by up to 100 percent while sparing its support staff amid the ongoing Covid-19 crisis.

The biggest pay cut went to Emaar chairman, Mohamed Alabbar, with a 100 percent salary reduction effective April 1.

Senior management at the Dubai real estate developer will get a 50 percent salary reduction, while middle management employees will get a 40 percent pay cut. Junior staff will get a salary reduction of 30 percent.

“I would like to reassure that our people remain on top of our priorities. Taking all circumstances into consideration, I remain optimistic and I am confident that this is only a temporary phase. Until then we remain grateful for the blessings we have today – our safety, our wellbeing and our families,” said Alabbar.

Emaar said it will implement the new salary structure across all levels in its portfolio.

Support staff working full time will get their full salaries while staff on leave will get 15 percent of their salary as well as accommodation and medical benefits. ICA/Expat Media


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