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Barcelona to cut salaries in virus fight

PTI | Barcelona | Updated: 27-03-2020 09:21 IST | Created: 27-03-2020 09:21 IST
Barcelona to cut salaries in virus fight

Barcelona said they were slashing salaries to counter the financial fall-out from the coronavirus although the Spanish giants did not specify if all of its employees would be affected by the move. All football has been suspended in Spain where the virus has so far killed more than 4,000 people with 56,000 confirmed cases.

"The suspension of competitions, following the epidemic of Covid-19, entails the cessation of all activities, sporting and non-sporting, of our club," said a statement released by Barcelona. The club, it added, had taken a "series of measures to mitigate its effects and reduce the economic consequences of this crisis." "Essentially, it is a reduction in the working day, forced by the circumstances, and consequently a proportional reduction in the remuneration provided for in the respective contracts." The Catalan club did not specify, however, the scale of the cuts or if all of its employees are affected.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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