Two-wheeler maker TVS Motor Company has announced a salary cut for its staff.
There will be no salary reduction at the workmen level. However, there will be 5 per cent salary reduction at the junior executive level and about 15-20 per cent at the senior management level.
“It was heartening to see employees coming forward and offering to take salary reduction voluntarily,” he said.
TVS Motor Company, commenced its operations on May 6 across all factories in Hosur, Mysuru and Nalagarh.
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