MACL employees

The Board of Directors of Maldives Airports Company Limited (MACL) has made the decision to reduce the bonus given to its employees from its net profit to 0.25 percent.

Previously, MACL employees were given a bonus of one percent of company profit.

However a circular issued by the company on 13 May indicates that considering the company’s financial situation and its number of employees, the Board had decided that the employee bonus will be 0.25 of the profit.

The circular, endorsed by CEO and Managing Director of MACL Mohamed Ibrahim says that details of the yearly bonus will be provided to employees once the statements of 2011 are passed.

Mohamed Ibrahim said that the bonus to employees is reduced because the number of employees of the company in 2011 was less than in 2010.

“Currently we have about 400 employees. When we gave the bonus in 2010, we had about 1600 employees,” he said today in an interview with Sun.

An employee of MACL told Sun on the condition of anonymity that he was unhappy that the bonus was reduced this year without conducting the usual annual employee appraisal. Previously, employees who got more than 80 percent marks in the appraisal received a full month’s salary as bonus. He said that MACL employees were in ‘shock’ when they were told two weeks prior to the date to conduct the evaluation that this bonus will also not be given this year.

He added that any change to the bonus structure should be informed to employees one year in advance.