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LOCKDOWN SALARY CUT
Job cuts, salary adjustments in Covid-19 aftermath not as widespread as expected: Report"Despite the severe impact on revenue and cash, very surprisingly, the display of compassion and community outreach have produced a spontan...- View: How jobs were impacted due to lockdownWhile salaried jobs have taken the biggest hit during the lockdown, it is not that this form of employment is more vulnerable compared to o...
- No salary cut during lockdown, carmakers hand out pay hikes and promotions to workersToyota Kirloskar has announced pay hikes for non-unionised workers. Hyundai Motor India has raised wages for factory workers and will soon ...
- Swipers to savers: Covid-19 has made millennials take a hard look at their spending habitsCoronavirus has turned the life of millennials, a generation that spends more and saves less, topsy-turvy
- 50% job seekers enhancing skills in lockdown for better career opportunities: SurveyThe country imposed a nationwide lockdown on March 25 to contain the coronavirus pandemic that has been extended thrice to May 31.
- TVS Motor Company temporarily cuts salaries for executives till October 2020While there will be no salary cuts for workers, the company has temporarily reduced compensation of executives across levels by 5-20%.
- From pay cuts to job security, answers to six questions you have about covid and your careerIf the company is planning lay-offs, start circulating your resume and talking to people in the industry without discussing it with colleag...
- Pune Labour Commissioner issues notice to Tech Mahindra on cutting allowancesThe Pune-based union has claimed that Tech Mahindra’s decision to reduce compensation effective May violates a central government order not...
- Covid impact: 2 in 5 employees are facing salary cuts, finds survey59.8% of the respondents who have upskilled during the lockdown are those with a work experience of 10-14 years. On the other hand, 41% of ...
- Bajaj Auto decides against wage cut, all employees to be paid in fullEarlier, the company had proposed a 10% wage cut across the board to conserve cash after all business activities were halted due to the loc...
- Reliance Industries announces pay cuts, Mukesh Ambani to forgo entire compensationBesides Ambani, the board of directors, exec committee members and senior staff will also forgo 30-50% pay.
- COVID-19 effect: SpiceJet to pay part salaries to over 92% employees in April"As a fair measure to cater to the requirement of our employees during this complete lockdown situation, the company has devised a structur...
- Anand Sharma questions bar on his move to hold panel meet via videoconferenceSharma asked: “Should the process of the highest platform of India democracy, Parliament and House Committees be shut down in the name of l...
- Ask national carrier to roll back 10 per cent pay cut: Air India unions to PuriEight employees' unions of Air India requested Hardeep Singh Puri to ask the airline to roll back its decision to cut 10% pay of its employ...
- Covid-19: IndiGo rolls back April pay cuts for staffIndiGo was the first airline to announce salary cuts of up to 25% across its workforce.
- SpiceJet says limited number of engineering staff on leave without payMany other carriers have also announced leave without pay regime for their staff as flight services are suspended in the wake of the corona...
- GoAir asks most staff to go on leave without payThe airline had cut salaries by 50% by for its top leadership last month and then extended pay cuts to other employees barring those in the...
- Can’t sack staff: Companies get lawyers’ noticeTwo lawyers have replicated the SC's PIL concept to suo motu issue notice to three IT cos for sacking staff.
- Covid-19 lockdown woes: Auto companies wheel in wage cuts to keep motors runningBajaj Auto, TVS Motor have already resolved to cut salaries, Tata Motors may also do so shortly.
- Lockdown: Bajaj Auto proposes 10 per cent pay cut for staffHowever, according to union sources, if the company resumes production from April 20 under the new guidelines by the Ministry of Home Affai...
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