The Maldives Airports Company (MACL) has revealed its decision to reinstate a significant portion of its employees’ salaries in US dollars. Prior to the onset of the COVID-19 pandemic, MACL had a longstanding practice of disbursing 50% of employee salaries in US dollars. However, as the pandemic’s financial impact led to a reduction in dollar-based revenue streams, MACL temporarily shifted to paying full salaries in Maldivian Rufiyaa.
Effective September onwards, MACL has opted to revert to its previous compensation structure, wherein 50% of employee salaries will once again be paid in US dollars.
MACL, a prominent government-owned entity in the Maldives, boasts a workforce of more than 3,500 dedicated individuals. Notably, the company has demonstrated its commitment to its employees by disbursing bonuses totaling MVR 25,000 over the past two years.
This strategic move by MACL underscores the company’s efforts to strike a balance between employee compensation and economic considerations amid the ongoing global challenges.