[ad_1]
The country’s economy is in crisis due to the Corona blockade. News of salary cuts for most private sector employees tends to make headlines. This time Reliance is the largest private company on the news. Most of the company’s employees are receiving a 10 to 50 percent pay cut. The owner of the company, the richest businessman in India, Mukesh Ambani, also receives no monthly salary.
Employee bonuses and incentives are awarded in the first quarter. All of them have been postponed due to the blockade.
Schools, colleges, offices, factories and transportation have been closed since March 25 due to the closure across the country. The country’s economy has practically stagnated. Dependency is affecting good business by reducing demand for oil and petrochemicals. News of the pay cut has already been reported to company employees by mail.
Read more Given the irreparable loss of 4 percent of the country’s GDP, Crisil warned
“Our hydrocarbon business has been sufficiently affected in the current context,” Reliance said in a statement.
Mukesh Ambani is reported to have no part of his monthly salary of Tk 15 million rupees. It is also known that 30 to 50 percent will be deducted from the salaries of the executive director, executive committee members, and high-ranking officials. However, employees with an annual salary of less than Tk 15 lakh will not be deducted. If the annual income is more than 15,000 rupees, 10 percent will be deducted from the salary.
Read the full story at English
Get all the latest Bengali news and West Bengal news at Indian Express Bangla. You can also view all Bengali business news by following us on Twitter and Facebook
[ad_2]
