Stuff employees were told the pay cut would be for 12 weeks Photo: RNZ / Brad WhiteStaff at media company Stuff have been asked to take a pay cut for the next 12 weeks because of the impact of the Covid-19 crisis. Chief executive Sinead Boucher said staff earning more than $50,000 are asked to take a 15 per cent cut and the executive team a 25 percent reduction. MediaWorks, which operates TV3 and a number of radio stations, asked its employees earlier in the month to take a 15 per cent pay cut for six months. Stuff chief executive Sinead Boucher (file photo) Photo: RNZ / Jeremy RoseOn top of that, level 4 rules effectively banned its remaining community papers and magazines. Boucher told the committee that the company's revenue had halved since the first week of March.

Source: Otago Daily Times April 16, 2020 00:45 UTC