AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

Atletico Madrid became on Friday the latest La Liga club to request labour authorities to allow them to cut player and staff salaries while football is suspended in Spain due to the coronavirus pandemic.
In a statement, club CEO Miguel Angel Gil said that they were "obliged" to propose a partial unemployment plan "for the employees who, due to the state of emergency in our country, can no longer carry their work".
Atleti are among a raft of clubs set to take a huge financial hit due to the indefinite suspension of football in Spain, one of the countries worst hit by COVID-19. Gil did not outline by how much salaries would be cut, but confirmed that the measure concerned both players and staff.
Earlier on Friday La Liga's bottom club Espanyol asked labour authorities in Catalonia to allow them to cut player and staff salaries by 70 percent. Espanyol said that the proposed reduction regards players and coaching staff from the men's and women's first teams, Espanyol B and youth teams, and was made "unilaterally for reasons of urgency".
City rivals Barcelona said on Thursday that they were cutting salaries - although they did not specify who would be affected - in order to stave off financial issues, with football in Spain suspended until further notice as the country joins Italy at the epicentre of the coronavirus pandemic
In Germany, players at Bayern Munich and Borussia Dortmund have accepted pay cuts. The clubs' move to cut salaries has left the players' union Fifpro concerned.
"We are extremely concerned that a significant number of clubs, in more than half a dozen countries, have begun to immediately lay off players or unilaterally reduce their salaries," Fifpro said in a statement.
The union called on clubs experiencing financial hardship to meet their national leagues to find a fair and proportionate solution. "At a time of such a significant social crisis, solutions must be found with everybody's contribution," Fifpro added. "Most football players outside the world's biggest leagues are earning at the same level or below average domestic income and would be severely affected by salary decreases."
On Friday, the Spanish government announced that over 4,800 people have died in the country as a result of the coronavirus after 769 people died in the previous 24 hours, a record one-day figure for fatalities in Spain.

Copyright Agence France-Presse, 2020

Comments

Comments are closed.