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India’s largest two-wheeler manufacturer Hero MotoCorp said that it will start operations in a graded manner at three of its manufacturing plants —Gurugram and Dharuhera- Haryana, and Haridwar-Uttarakhand, and additionally the Global Parts Center (GPC) at Neemrana in Rajasthan. These manufacturing plants reopened on Monday and production at these facilities will commence from Wednesday. The […]
GoAir on Monday said it will defer and part-pay salaries to a majority of its staff because of revenue constraints due to the lockdown imposed to contain COVID-19 pandemic. In a joint letter, GoAir Chairman Nusli Wadia and MD Jeh Wadia wrote to employees informing that there is “no inflow of cash” due to suspended […]
Tech Mahindra puts wage hikes and incentives on hold, but says no layoffs. Tech Mahindra is putting on hold incentives and wage hikes until there is more clarity on business as the coronavirus outbreak has disrupted operations worldwide. However, its junior associates will get their remuneration packages in full. Besides, undisclosed salary cuts also have been […]
Bajaj Auto on Sunday said in an internal letter to its employees that it will not implement its proposed decision to observe a pay-cut across the organization for April and assured them of complete payment for the lockdown period. Earlier Bajaj Auto had proposed a 10% pay cut for staff after all business activities were […]
Bengaluru-based, Udaan, B2B commerce online startup has laid off several employees working on a contract basis as the company’s non-essential business has been shut due to the nationwide lockdown in the wake of the COVID-19 situation. Udaan is an online marketplace that facilitates buying and selling fashion products, groceries, and electronics among manufacturers, brands, and […]
At a time of crisis when most of the companies have hit a pause on hiring, IT major Capgemini will continue to hire as per plans and digitally onboard new employees in India despite the challenges arising due to the COVID-19 outbreak. Already in last weeks, Capgemini made it clear that the company will honour […]
IT major Cognizant has linked the compensation of all top executives to its share performance relative to those of direct competitors and the company has also scrapped its ‘days sales outstanding’ metric, presumably in response to the Covid-19 pandemic. “Brian Humphries, CEO of Cognizant and other top executives obtain mounted parts like basic pay in […]
According to a report published in Business Today, Tata Consultancy Services (TCS) will ask 75 percent of its 4.48 lakh employees to work from home by 2025. The new secure borderless workspaces (SBWS) model has improved the company’s velocity by 25%. It means that TCS could shift to WHM as a ‘New-Normal’ once lockdown opens. […]
After the Government’s interference, IndiGo reverses plan to cut salaries of employees, drops March decision On April 23, in an e-mail, Ronojoy Dutta, CEO IndiGo said employees “In deference to our Government’s wishes of not reducing pay during the lockdown, we have decided not to implement the previously announced pay cuts during the month of […]
Online food delivery app Swiggy to cut about 1,000 jobs, most from its cloud kitchen division, as India’s top food delivery startup scales back some of its businesses in response to the coronavirus pandemic that has drastically affected millions of firms. The COVID-19 outbreak, which has severely hit the travel, hospitality, and aviation sectors the […]
Oyo has asked some India employees to go on leave with limited benefits and cuts fixed pay of all by 25% Oyo on Wednesday asked some of its staff in India to go on leave with limited benefits from May 4 for four months, and also asked all employees in the country to accept a […]
Infosys Ltd, India’s second-largest IT company has suspended new hirings, promotions, and increments for FY21 to control costs in the wake of COVID-19. However, the company said it will honour all job offers already made. “Infosys intends to not only nurture its vast pool of digital talent in a high-productivity environment, but also honour the job […]
