ARN today announces measures in response to the impact of the decline in advertising revenue created by the COVID-19 crisis.

Since March, ARN has significantly reduced costs across the business in order to protect jobs. This has included a review of discretionary spending, putting recruitment on hold and encouraging staff to take annual leave.

After careful consideration and rigorous financial risk assessment, additional action is now required.

All full-time staff will reduce their full-time equivalent working week by one day. Staff can access their annual leave entitlements to help offset the impact on take-home pay for as long as they have leave accrued, and all staff will be allowed to take a portion of leave in advance of earning it.

On-air talent will continue to broadcast five days a week as usual while taking a minimum of 10% reduction in fees across various cost control measures.

The Board, CEO and management team are taking a 20% reduction in salaries for an initial six month period and will forgo all incentive and bonus payments in 2020.