Tag: Pay Cut

TVS Motor implements temporary pay cuts for employees

The two-wheeler major has decided to reduce salaries at executive level, barring entry level workmen.

May 26, 2020

IDFC First Bank follows Kotak Bank, top management announced 10pc pay cut

The bank said it's MD and CEO V. Vaidyanathan has offered to take a pay cut of 30 per cent in his compensation package.

May 25, 2020

Tata Group’s top execs pay package to be reduced around 20pc

A times report suggested that Group’s Hotel management will also follow TCS’ footsteps to take a salary cut in this quarter.

May 25, 2020

Kotak Mahindra Bank declares 10 pc pay cut for staff with over Rs 25 lakh annual salary

The unemployment rate in India touched 27 per cent in the week to May 3, according to think-tank CMIE.

May 7, 2020

New Zealand PM takes pay cut as coronavirus pandemic affects economy

New Zealand is in the midst of a four-week COVID-19 lockdown that has paralysed the economy, with thousands of jobs losses already announced.

April 15, 2020