Hi, I'm Viyu. Ask me about the stories collected here. I answer only from them, with numbered links to the outlets that published them, and I say so when they do not cover it.
MIFCO Reduces Executive Pay Packages, Introduces Other Cost-Cutting Measures
The Maldives Industrial Fisheries Company (MIFCO) board informed employees in a memo of an efficiency exercise that cuts senior and middle management basic salaries by 20 percent, discontinue several allowances, and dismiss underperforming and non-essential contract staff. MIFCO's media officer said no ordinary employee's salary would be deducted, and the changes aim to reduce waste and strengthen management.
Sources1carried itMR1 of 19 news outlets we monitor
Figures1as written, with their sentences
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
What happened
in order; days are read from the reports' words and dates
Wed 17 JulThe MIFCO board of directors decided to take measures as part of an efficiency exercise to strengthen company operationson Wednesdayonly Maldives RepublicIn a memo signed by MIFCO’s Chief Financial Officer (CFO) Ilyas Haneef, the company informed its employees that the board of directors, on Wednesday, had decided to take certain measures, as part of an efficiency exercise to strengthen company operations.
Word for word from the report in Maldives Republic. Open the report
Thu 18 JulMIFCO's board of directors informed employees of the cost-cutting decision in a memoon Thursdayonly Maldives Republicnewestthe state-owned enterprise’s (SOE’s) board of directors informed employees in a memo on Thursday.
Word for word from the report in Maldives Republic. Open the report
Who said what
the reports' own quoted words, each once
[There is] no deduction from the salary of any ordinary employee. The general manager and senior management level are doing it. Even if there is a complaint, it will be at that level. There will be no fraud in this regard
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Figures in these reports
as written, with the sentence they come from
20 percentReduction in basic salary of senior and middle managementMaldives Republic20 percent reduction in the basic salary of senior and middle management, including employees in the ranks of CEOs and senior managers
Word for word from the report in Maldives Republic. Open the report
Other events named
no clear day, as worded
Fishers protested against the deteriorating financial situation at MIFCO and were paid their outstanding feesMaldives RepublicFishers recently protested against the deteriorating financial situation at MIFCO and were paid their outstanding fees as a result.
Word for word from the report in Maldives Republic. Open the report