Bajaj Auto employees agree 10% pay cut due to Corona lockdown
While the company's condition is excellent, and its financial situation is also stable, yet the company has decided to reduce costs wherever possible.
To reduce operating costs during the Coronavirus lockdown, Bajaj Auto has proposed a 10 percent cut in the salaries of its employees. The company stopped production on March 24, 2020. While the company's condition is excellent and its financial situation is also stable, yet the company has decided to reduce costs wherever possible.
According to a report, Rajiv Bajaj, managing director of Bajaj Auto, has given up his full salary for this period. Bajaj Auto will give full wages to all its employees from March 24 to April 14, 2020. The wages of the employees of the company's Chakan plant, Aurangabad plant, and Pantnagar plant will be cut by 10 percent.
The HR department of Bajaj Auto informed all employees about the proposal to cut salary through email, for which Car & Bike talked to Bajaj Auto. A letter quoting PTI said, "Due to this sudden situation, business and income has come to a standstill in many areas, and many companies have either announced or are considering cost-cutting," It also includes many harsh decisions. We will evaluate it from time to time if this situation gets worse. "
We wish them the good of our employees and colleagues, and even if this deduction is made, it will be compensated by taking every possible step. It is further stated in this letter that the Managing Director of the company has started this initiative on his own and in this period, he is giving up the entire salary.
It has also come forward in this report that Bajaj Auto's worker's union has accepted the decisions of a 10 percent reduction in salary, which has started in the second phase of lockdown. Explain that from April 21, the wages of about 5,000 employees of all plants will be cut by 10 percent.
Source: Economic Times
To reduce operating costs during the Coronavirus lockdown, Bajaj Auto has proposed a 10 percent cut in the salaries of its employees. The company stopped production on March 24, 2020. While the company's condition is excellent and its financial situation is also stable, yet the company has decided to reduce costs wherever possible.
According to a report, Rajiv Bajaj, managing director of Bajaj Auto, has given up his full salary for this period. Bajaj Auto will give full wages to all its employees from March 24 to April 14, 2020. The wages of the employees of the company's Chakan plant, Aurangabad plant, and Pantnagar plant will be cut by 10 percent.
The HR department of Bajaj Auto informed all employees about the proposal to cut salary through email, for which Car & Bike talked to Bajaj Auto. A letter quoting PTI said, "Due to this sudden situation, business and income has come to a standstill in many areas, and many companies have either announced or are considering cost-cutting," It also includes many harsh decisions. We will evaluate it from time to time if this situation gets worse. "
We wish them the good of our employees and colleagues, and even if this deduction is made, it will be compensated by taking every possible step. It is further stated in this letter that the Managing Director of the company has started this initiative on his own and in this period, he is giving up the entire salary.
It has also come forward in this report that Bajaj Auto's worker's union has accepted the decisions of a 10 percent reduction in salary, which has started in the second phase of lockdown. Explain that from April 21, the wages of about 5,000 employees of all plants will be cut by 10 percent.
Source: Economic Times
Post a Comment