{"id":25213,"date":"2020-04-06T14:46:03","date_gmt":"2020-04-06T10:46:03","guid":{"rendered":"https:\/\/lovindubai.com\/?p=25213"},"modified":"2020-04-06T14:46:23","modified_gmt":"2020-04-06T10:46:23","slug":"ceo-emaar-pay-cuts","status":"publish","type":"post","link":"https:\/\/lovin.co\/dubai\/en\/coronavirus\/ceo-emaar-pay-cuts\/","title":{"rendered":"Salary Cuts Across The Board At Emaar As CEO Take A 100% Reduction"},"content":{"rendered":"<p>The reality of what COVID-19 will do to the worldwide economy is setting in.<\/p>\n<p>After one of Dubai&#8217;s largest developers announced salary cuts across the board. In a letter reportedly shared to Emaar colleagues from Chairman, Mohamed Al Abbar, a new salary structure has been announced, as the company must enforce strict measures to battle <a href=\"https:\/\/lovindubai.com\/coronavirus\" target=\"_blank\" rel=\"noopener\">COVID-19<\/a>.<\/p>\n<p>Emaar Chairman, Mohamed Al Abbar will take a 100% reduction in salary, senior management pay will take a 50% pay cut, middle management will take a 40% reduction in full salary, junior-level will take a 30% reduction, there will be no reduction for support staff working during this time.<\/p>\n<p>The letter from the CEO added, &#8220;I remain optimistic and I am confident that this is only a temporary phase&#8221;.<\/p>\n<p>Pay cuts are scary. Layoffs are a different ballgame. Good to see the top paid employees taking the biggest hit here. The drop in salary comes into effect on April 1.<\/p>\n<h2>On Monday, Emaar sold an 80% stake in a Dubai-based district cooling facility for $675 million<\/h2>\n<p>https:\/\/twitter.com\/buildersbook_\/status\/1247078118818484224?s=20<\/p>\n<h2>On Sunday, Emaar donated AED100 million to support a COVID-19 relief fund<\/h2>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"ar\" dir=\"rtl\">&quot;\u0625\u0639\u0645\u0627\u0631&quot; \u062a\u0633\u0627\u0647\u0645 \u0628\u0645\u0628\u0644\u063a 100 \u0645\u0644\u064a\u0648\u0646 \u062f\u0631\u0647\u0645 \u062f\u0639\u0645\u0627\u064b \u0644\u0635\u0646\u062f\u0648\u0642 \u0627\u0644\u062a\u0636\u0627\u0645\u0646 \u0627\u0644\u0645\u062c\u062a\u0645\u0639\u064a \u0636\u062f \u0643\u0648\u0641\u064a\u062f-19\u060c \u0648\u0627\u0644\u0630\u064a \u0623\u0637\u0644\u0642\u062a\u0647 \u062f\u0627\u0626\u0631\u0629 \u0627\u0644\u0634\u0624\u0648\u0646 \u0627\u0644\u0625\u0633\u0644\u0627\u0645\u064a\u0629 \u0648\u0627\u0644\u0639\u0645\u0644 \u0627\u0644\u062e\u064a\u0631\u064a \u0628\u062f\u0628\u064a<a href=\"https:\/\/t.co\/bOnQqKZvBB\">https:\/\/t.co\/bOnQqKZvBB<\/a><a href=\"https:\/\/twitter.com\/hashtag\/%D8%AF%D8%A8%D9%8A?src=hash&amp;ref_src=twsrc%5Etfw\">#\u062f\u0628\u064a<\/a> <a href=\"https:\/\/t.co\/kiyhnpbXvb\">pic.twitter.com\/kiyhnpbXvb<\/a><\/p>\n<p>&mdash; Dubai Media Office (@DXBMediaOffice) <a href=\"https:\/\/twitter.com\/DXBMediaOffice\/status\/1246786685838426112?ref_src=twsrc%5Etfw\">April 5, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>LISTEN: You DO Need A Permit To Leave Your Home<\/h2>\n<p><a class=\"c-link\" href=\"https:\/\/slack-redir.net\/link?url=https%3A%2F%2Fpodcasts.apple.com%2Fus%2Fpodcast%2Fthe-lovin-daily-live%2Fid1484254079%3Fign-mpt%3Duo%253D4\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"slack-kit-tooltip\">Apple Podcasts<\/a>\u00a0\/\u00a0<a class=\"c-link\" href=\"https:\/\/slack-redir.net\/link?url=https%3A%2F%2Fpodcasts.google.com%2F%3Ffeed%3DaHR0cHM6Ly9hbmNob3IuZm0vcy9mOTVjNmQwL3BvZGNhc3QvcnNz\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"slack-kit-tooltip\">Google Podcasts<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The reality of what COVID-19 will do to the worldwide economy is setting in. After one of Dubai&#8217;s largest developers announced salary cuts across the board. In a letter reportedly shared to Emaar colleagues from Chairman, Mohamed Al Abbar, a new salary structure has been announced, as the company must enforce strict measures to battle &hellip; ","protected":false},"author":453,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2888,85],"tags":[],"acf":{"hide_featured_image":false,"featured_image":{"ID":25216,"id":25216,"title":"emaar ceo","filename":"Screenshot-2020-04-06-14.38.52.png","filesize":0,"url":"\/wp-content\/uploads\/sites\/1\/2020\/04\/Screenshot-2020-04-06-14.38.52.png","link":"https:\/\/lovin.co\/dubai\/en\/coronavirus\/ceo-emaar-pay-cuts\/attachment\/screenshot-2020-04-06-14-38-52\/","alt":"","author":"397","description":"","caption":"","name":"screenshot-2020-04-06-14-38-52","status":"inherit","uploaded_to":25213,"date":"2020-04-06 10:39:25","modified":"2020-04-06 10:39:29","menu_order":0,"mime_type":"image\/png","type":"image","subtype":"png","icon":"https:\/\/lovin.co\/dubai\/en\/wp-includes\/images\/media\/default.png","width":700,"height":466,"sizes":{"thumbnail":"\/wp-content\/uploads\/sites\/1\/2020\/04\/Screenshot-2020-04-06-14.38.52-150x150.png","thumbnail-width":150,"thumbnail-height":150,"medium":"\/wp-content\/uploads\/sites\/1\/2020\/04\/Screenshot-2020-04-06-14.38.52-300x200.png","medium-width":300,"medium-height":200,"medium_large":"\/wp-content\/uploads\/sites\/1\/2020\/04\/Screenshot-2020-04-06-14.38.52.png","medium_large-width":700,"medium_large-height":466,"large":"\/wp-content\/uploads\/sites\/1\/2020\/04\/Screenshot-2020-04-06-14.38.52.png","large-width":700,"large-height":466,"1536x1536":"\/wp-content\/uploads\/sites\/1\/2020\/04\/Screenshot-2020-04-06-14.38.52.png","1536x1536-width":700,"1536x1536-height":466,"2048x2048":"\/wp-content\/uploads\/sites\/1\/2020\/04\/Screenshot-2020-04-06-14.38.52.png","2048x2048-width":700,"2048x2048-height":466,"small":"\/wp-content\/uploads\/sites\/1\/2020\/04\/Screenshot-2020-04-06-14.38.52-230x153.png","small-width":120,"small-height":80,"custom-size":"\/wp-content\/uploads\/sites\/1\/2020\/04\/Screenshot-2020-04-06-14.38.52.png","custom-size-width":300,"custom-size-height":200}},"featured_image_caption":"","ad_square_right":"","summary":"","flexible_content":false,"legacy_image":"","legacy_full_image":"","lovin_video_link":false,"lovin_video_link_webm":false,"video_thumbnail":false,"disable_ads":false,"slots_script_override":"","ad_horizontal_top_desktop":"","ad_vertical_left_desktop":"","ad_vertical_right_desktop":"","ad_horizontal_top_tablet":"","ad_horizontal_bottom_tablet":"","ad_horizontal_mobile_1":"","ad_horizontal_mobile_2":"","ad_horizontal_mobile_3":"","article_ad_infeed_slot":"","ad_square_podcast":"","disable_lovin_hearts":false,"lovin_heart_title":"","show_sponsor":false,"sponsor_image":false,"sponsor_name":"","sponsor_content":"","sponsor_website":"","sponsor_facebook":"","sponsor_twitter":"","sponsor_instagram":"","enable_reveal_feature":false,"reveal_image":false,"legacy_sponsor_name":"","legacy_sponsor_website":"","legacy_sponsor_content":"","legacy_sponsor_image":"","legacy_meta_tags":"","is_guest_user":false,"episode_number":"","embed_code":"","episode_introduction":""},"image_feature":null,"author_name":"hello@lovindubai.com","_links":{"self":[{"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/posts\/25213"}],"collection":[{"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/users\/453"}],"replies":[{"embeddable":true,"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/comments?post=25213"}],"version-history":[{"count":0,"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/posts\/25213\/revisions"}],"wp:attachment":[{"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/media?parent=25213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/categories?post=25213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/tags?post=25213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}