For the first time in the history of the Tata Group, the top management is cutting their wages. Many companies are facing job cuts and wage cuts due to the corona epidemic. It has been announced that salaries will be slashed for Reliance with more than Rs 15 lakh salary. Till now Tata Group companies have no wage cut and this is the first time this company has made this crucial decision with a 20 percent salary cut for the top management.
Tata Steel, Tata Motors, Tata Power, TCS, Trent, Tata International, Tata Capital, and Voltas’ companies, including Tata Sons Group chairman N Chandrasekharan, will have a 20 percent cut in the salaries of CEOs and MDs. Financial institutions shut down due to corona-lockdown This has had a huge impact on all companies and employees. The Tata group Pina Corona has been affected. Top management is preparing for a pay cut.
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Tata Salary Cut