Generous severance package

IN Media Watch Briefs | 04/02/2017

While this week’s sackings in this Group are making news ABP has been extremely generous in its severance package to journalists. While younger staff are being given a few months’ basic as compensation, those who have put in several years of service with the company are getting anything between 75 to 100 per cent of a year’s cost to company. Journalists who have been with the company for 20 years or more are also going to be paid their basic salaries up to their retirement age.