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Pay Cuts At The NHL Office And Layoffs In Montreal

via Emily Kaplan of ESPN,

The NHL is temporarily cutting the pay of league office employees by 25%.

The league confirmed that salaries will be reduced across the board starting April 1.

The NHL's season has been on pause since March 12 due to the ongoing coronavirus pandemic. According to sources, the NHL is hoping that the temporary pay cut among league office employees will prevent layoffs during this uncertain time.

Below, the Montreal Canadiens are temporarily laying off personnel.

MONTREAL (March 24, 2020) - As a result of the Coronavirus pandemic that has forced the pausing of the NHL and AHL seasons, in addition to the postponements of all shows, Groupe CH has made the decision to proceed with a temporary reduction in personnel, which will impact 60% of the organization's employees. This workforce reduction will take effect on March 30. This decision was necessary given the significant impact the pandemic has had on the sports and entertainment industries.

In an effort to reduce the impact of this decision on the employees, Groupe CH has established a six (6) million-dollar assistance fund. This fund will help enhance employment insurance benefits for a period of eight (8) weeks, ensuring that employees will receive 80% of their base salary during this period.

The fund will also be made available to provide loans to employees who find themselves in difficult financial situations as a result of the global pandemic.

"Now more than ever, it is important to support our community and demonstrate our solidarity to one another. We are working extremely hard to limit the impact this situation will have on our employees. I would like to take this opportunity to thank our employees for their understanding and patience. During difficult times like these, our commitment to one another will help us rebound faster," said Groupe CH owner, president, and CEO, Geoff Molson.

Groupe CH is committed to returning the organization's employees back to work as soon as the situation permits.

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Comments

d ca's avatar

How about Buttman not taking a salary since he has been grossly overpaid for years.

Posted by d ca on 03/24/20 at 03:41 PM ET

Down River Dan's avatar

LiL gary’s $7 mil/yr.  could pay a lot of people’s salary….

Posted by Down River Dan on 03/24/20 at 05:27 PM ET

Avatar

I’m sure the mentality of the people in these positions and of
so many CEO types in general is: I am the indispensable person.
I’m sure the mega-millionaire and billionaire owners for whom Gary works
consider him worth every penny as long as he continues putting them first and maximizing the revenues that go to them.

I’d guess right now the people at the top of the league organization consider themselves essential crisis managers and worth their stratospheric pay, now more than ever.

Posted by lefty.30 on 03/24/20 at 08:45 PM ET

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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

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