Egerton University has slashed the salaries of some employees by 40%. In a memo, Vice Chancellor Rose Mwonya said the University will not be able to pay all employees their full April salaries. This is because of the tough economic times brought about by the Corona Virus Pandemic. However, she promised the university will pay the balance as soon as funds are available.
“Due to Covid-19 pandemic that has affected the whole country, Egerton University is not able to generate enough funds internally to be able to pay salaries for the month of April 2020. This might continue for a while during the pandemic period,” the memo reads.
As a result, Egerton University will pay 60% net salary to some employees and the remainder will be paid when normalcy returns.
“Staff in grade 1-4 will receive their full 100% net salaries as indicated in their payslips. Staff in grade 5-19 will receive 60% of their net salaries as indicated in their respective payslips. The balance of 40% will be paid as soon as funds are available,” the memo says.
Effects of The Pandemic
Schools closed in March as a measure to combat COVID-19. As a result, many institutions began offering online classes and some institutions reduced the fees. Many employees’ salaries have been reduced and others have been forced to work from home. The unlucky ones went on unpaid leave until normalcy returns.
On April 17th, Mediamax became one of the many companies to slash their employees’ salary by half.
“We have come up with several measures to ensure that we try to sustain and keep the company afloat during this pandemic and to ensure that the business at this stage survives and sustains itself. Among the proposed measures that will directly apply will be a reduction of between 20% and 50% on gross monthly pay based on job levels effective April 2020,” the statement from Mediamax reads.