Process to pay off dues to affected staff underway, BOL says

 JournalismPakistan.com |  Published: 1 May 2017

BOL News has announced that it is working to pay outstanding salaries to employees after a prolonged financial hardship. The process comes as employees prepare for protests over unpaid dues.

Summary

ISLAMABAD – On the eve of planned protests by affected BOL News employees, the media group said the process to clear off outstanding dues was underway.

BOL has yet to pay staff salaries from May 2015 to September 23, 2015.

In a statement, the group pointed to the “tragic phase” the channel had to go through for more than 15 months. It said the organization became inoperative because of a “malicious smear campaign which resulted in Saniha-e-Axact.”

This caused a “major financial crisis” and as a result, the management was unable to pay staff four-month salaries.

But it said now that BOL was back in operation, a committee constituted earlier, has formulated a process for settlement of dues along with profit.

“For these settlements, the affected employees are being asked to report to BOL headquarters to review their settlement package,” the statement said.

KEY POINTS:

• BOL News has not paid salaries from May to September 2015.
• The media group faced financial difficulties due to a smear campaign.
• A committee has been formed to settle dues with affected employees.
• Employees are instructed to report to the headquarters for settlement reviews.
• This process aims to clear outstanding amounts and profit distribution.