CBA company will adopt salary reduction reform, in which the CEO reduces salary by 35%
According to the People’s Daily, the China Basketball Association (Beijing) Sports Co., Ltd. (CBA) announced on the 14th that the company’s middle and senior management staff will take measures to reduce wages in response to the impact of the new coronary pneumonia epidemic. Among them, the company’s CEO (CEO)) Salary reduction of 35%, and salary reduction of directors and above are 15% -30% respectively.CBA stated that it hopes to use the salary cut as a starting point to drive the friendly negotiation of salary cuts throughout the Union and reset the operating pressure of the club to ensure that each CBA family participates smoothly through the epidemic.According to reports from CBA, the league has entered the off-season since February 1, but CBA and various furniture companies still need to continue to spend operating expenses, including player and staff salaries, field rents, etc.With the extension of the offseason, the league and clubs are under severe financial pressure, and multiple planned expenditures are also frozen.The current progressive progress in the prevention and control of chronic diseases has gradually consolidated, and economic and social operations have gradually recovered.At the same time, the international epidemic has continued to spread, and uncertainties have increased significantly.Starting from the overall requirements for epidemic prevention and control, the CBA offseason will continue to be extended, and the financial pressure facing the entire league will be further increased. “Saving expenditure” has become a real task in front of us. Salary reduction is a necessary move to overcome difficulties.Pragmatic action.Since the outbreak of the New Coronary Pneumonia epidemic, CBA and various clubs have actively organized and participated in public welfare activities to fight the epidemic, helping the frontline medical staff and social workers, and helping the CBA alliance and the people of the whole country work together to overcome the timeDifficult social responsibility.At the same time, the epidemic situation also tested the risk awareness and bottom line thinking that CBA operations should respond to.In the past two seasons, the reconstruction of a scientific and reasonable player budget system has been the focus of CBA league research.CBA said that the alliance will continue to explore the mechanism of linking the salary cap and the income of the alliance in the near future, and discuss the possibility of dynamic adjustment for uncertain factors of future income, and strengthen the auxiliary role of various insurances for the alliance and athletes.Editor Liu Jiani Source: People’s Daily