Lockdown: Bajaj Auto proposes 10 pc pay cut for staff

Bajaj Auto management has proposed salary cut for all employees with its MD Rajiv Bajaj himself to take 100 per cent pay cut for the extended lockdown period till May 3.

According to a letter sent by the company's HR department to employees, there is need to bring down fixed cost in the wake of the lockdown due to coranvirus pandemic, hence the deductions needed.

However, according to union sources, if the company resumes production from April 20 under the new guidelines by the Ministry of Home Affairs, the proposed 10 per cent salary reduction by the management will not be implemented.

The letter from the HR department said: "We are extremely sensitive to the welfare of our workers and employees. If these deductions were to be made they would be fixed, balanced and measured and graded."
It further said,"the Managing director has decided to take the initiative if such a decision is implemented, he will not receive any salary during this period."