NIFTY 50

Government likely to urge companies to avoid job & pay cuts

Updated : March 19, 2020 07:16 PM IST

Since businesses are staring at huge losses, many fear that there could be job and salary cuts. However, the Centre is likely to issue an advisory urging employers to avoid job cuts, or any pay cuts.

Noting the economic impact of the coronavirus,  the government over the last few days have been thinking on getting an advisory to the employers that they should not go in for job cuts and pay cuts and this advisory could come up very soon is what government sources told CNBC-TV18.

The advisory will be to ask employers to give 'work from home' option to their employees wherever possible to the maximum. Also the government is assessing the current economic and health impact to address and support the industry because of which government is likely to issue such an advisory to not go in for job cuts and pay cuts.

cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV