New Zealand PM Takes Pay Cut As Coronavirus Pandemic Affects Economy

New Zealand Prime Minister Jacinda Ardern announced Wednesday she will take a 20 percent pay cut in a symbolic act of solidarity with people struggling financially during the coronavirus pandemic.The move will see Ardern’s annual pay fall from around NZ$470,000 (US$285,000) to NZ$376,000, costing her about NZ$47,000 over the six-month period.New Zealand will go into a full lockdown for about four weeks in an effort to slow the spread of the new coronavirus, Prime Minister Jacinda Ardern announced on Monday. New Zealand is in the midst of a four-week COVID-19 lockdown that has paralysed the economy, with thousands of jobs losses already announced.

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