The Times Group has announced pay cuts for its employees in view of the coronavirus outbreak. Salaries have also been restructured, effectively leaving many employees with less money on a monthly basis.
Salary reduction of five percent of TTR for all employees with a salary above Rs 10 lakh per annum. The reduction is 10 percent for employees earning over Rs 100 lakh per annum. The reduction is effective from April 1.
10 percent of TTR of all employees with a salary above Rs 6.5 lakh per annum to "special performance incentive pool" with effect from April 1. The payment of this "special performance incentive" will be linked to the achievement of a target.
The Times Group has announced pay cuts for its employees in view of the coronavirus outbreak. Salaries have also been restructured, effectively leaving many employees with less money on a monthly basis.
Salary reduction of five percent of TTR for all employees with a salary above Rs 10 lakh per annum. The reduction is 10 percent for employees earning over Rs 100 lakh per annum. The reduction is effective from April 1.
10 percent of TTR of all employees with a salary above Rs 6.5 lakh per annum to "special performance incentive pool" with effect from April 1. The payment of this "special performance incentive" will be linked to the achievement of a target.
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