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Adams Radio Group Employees Agree To 10% Pay Reduction During Pandemic
March 27, 2020 at 1:20 AM (PT)
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ADAMS RADIO GROUP CEO RON STONE shared that all employees were “stepping up” to help keep the company live and local, and most importantly, keep all staff working.
In a press release, STONE writes, “all employees agreed to take a 10% temporary cut in compensation to prevent any downsizing of our staff. I could not be prouder of our employees. Every employee of ADAMS RADIO stepped up to do their part to ensure that no ADAMS employee would lose their position. We are a family. Our goal is singular. To ensure everyone in our company gets through this crisis with the least amount of harm. This test of our country’s ability to weather a storm is unlike anything any of us have seen, but we will get through this together, and be stronger for it.
STONE adds, “I sincerely hope that any company, media or otherwise, will consider overall reductions in compensation on a temporary basis rather than terminate employees. Our most important asset is our people, and we should do all we can to keep them whole. I am so thankful for a staff that not only wants to participate in helping our company weather this storm, they are working tirelessly in our communities to keep our local businesses front and center in the minds of listeners.”