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Reliance Industries restores salary, offers bonus in hydrocarbon arm

The firm is also offering an advance 30 per cent of the variable pay from the next year's salary to its employees, as a goodwill gesture for working during the pandemic

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Reliance in April had cut the salary of employees of its hydrocarbons division by 10 per cent to 50 per cent with the firm's chairman and richest Indian Mukesh Ambani agreeing to forgo all his remuneration

Press Trust of India New Delhi

2 min read Last Updated : Oct 26 2020 | 12:24 AM IST

Reliance Industries is rolling back salary cuts for employees of its hydrocarbons division, and is also giving out performance bonus that had been deferred after business was hit by the lockdown.

The firm is also offering an advance 30 per cent of the variable pay from the next year’s salary to its employees, as a goodwill gesture for working during the pandemic, said two people familiar with the matter.

Reliance in April had cut the salary of employees of its hydrocarbons division by 10 per cent to 50 per cent with the firm's chairman and richest Indian Mukesh Ambani agreeing

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