Companies

Tata Sons to give full payments to daily wage and contract workers: Chairman

Our Bureau Mumbai | Updated on March 20, 2020 Published on March 20, 2020

In the wake of the coronavirus outbreak, Tata Group companies have largely enabled a Work from Home (WFH) environment and will ensure full payments to the temporary and daily wage earners for March and April.

“At Tata Group, we have asked all of our companies to exercise extreme caution,” Tata Sons’ Chairman N Chandrasekaran said. “Our companies have largely enabled a WFH environment. We have asked our companies in India to rapidly and extensively adopt WFH to ensure that employees travel only in the most essential cases, excluding situations in which they are involved in the delivery of products and services for the larger public good,” he added.

“The current situation is likely to have a large and deep financial impact on the weaker socioeconomic segments of our society.”

The wages would be paid for March and April, even if these workers are not able to work due to either quarantine measures, site closures, plant shutdowns or other reasons.

The other segment of particular focus is the Micro, Small and Medium Enterprise (MSME) sector. “Our group companies follow a policy of making timely payments of legitimate dues. Under the current situation, we will monitor this closely to ensure that such dues are paid on an immediate basis in order to provide liquidity,” he said.

 

Published on March 20, 2020

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.