Employees at Ekta Kapoor’s Balaji braced for pay cuts?

Just days after Ekta Kapoor announced that she will be foregoing her salary for a whole year, worth Rs. 2.5 crore, it now has been reported that employees at her Balaji company will be facing 20 – 50 % pay reductions for the next three months.

Mid-Day reports that ALT Balaji and Balaji Motion Pictures have commenced to implement a three-month pay cut for its employees.

A source told the publication, “On Monday, the staff was apprised of the decision. Those with annual salaries of up to Rs 12 lakh will have to take a 20 percent pay cut while those in the R12 lakh to R36 lakh bracket are looking at a 25 percent pay reduction. A 30 percent pay cut is being implemented for those with annual pay packages between R36 lakh and R60 lakh, and the senior management will take only half their pay. The variable pay that is disbursed at the year-end is likely to be delayed as well.”

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