Automobile Business News Today
TVS And TATA group applying pay-cut in the salaries.
➤TVS Motors to cut salary by 6 months.
The country's leading two-wheeler export company TVS Motors said late on Monday night that it would cut its workers' salary for the next 6 months. This reduction in salary will be applicable from the month of May. However, the company said that this decision to cut salary will not be applicable to workmen level employees. According to the company, the salary of junior executives will be reduced by 5% and at the senior management level by 15 to 20%.
➤Tata group chiefs will get a 20% cut in salary
As part of the collective effort to cut costs to deal with the Corona disaster, it has been decided to cut the salaries of Tata Sons chairman and CEO of all group companies by 20%. Rajesh Gopinath, CEO of Tata Consultancy Services, Tata Group's flagship company. Has already announced a cut in its salary, along with a reduction in the salary of CEO reduction will be made in CEO's and MD of Tata Steel, Tata Motors, Tata Power, Trends, Tata Internationales, Tata Capital, Voltas, etc.
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