The staff of Beach 105.5 fm and Spice 91.9 fm in Takoradi have been given a 70% cost of living allowance (COLA) by management under the auspices of the CEO, Mr Kwame Adu Mante.
This comes as part of efforts to ease economic pressures on its staff, the Management of Focus 1 Media has made provision to pay cushioning allowances between 20 per cent to 70 per cent of the net salary to help with the cost of living.
In a leaked statement spotted by HashimNews, management noted that the allowances would be paid from October to December 2022.
However, there will be a review of the allowances in January 2023 considering economic and internal businesses.
Management admits that the business is making losses, but finds it prudent to support staff with the necessary cushioning in this prevailing economic turmoil.
Amongst other things, management is to put other measures in place to help minimize the expenditure of staff, particularly transportation costs by having staff only come to work on a need basis.
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