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RIL announces salary cuts; Mukesh Ambani to forgo entire compensation

These pay cuts would apply only to the employees in Reliance's hydrocarbon division and earning more than Rs 15 lakh a year; those earning less would not be impacted

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Coronavirus | Reliance industries market cap | Reliance Industries Limited

BS Web Team  |  New Delhi 

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The annual cash bonus and performance-linked incentives which are normally paid in the first quarter of a year have also been deferred | File photo of Reliance Industries Chairman Mukesh Ambani

Reliance Industries Ltd has announced that it will reduce the salaries of some of its employees in the hydrocarbon division by 10 per cent in view of the "adverse impact" of the pandemic on fuel demand.

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First Published: Thu, April 30 2020. 15:29 IST
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