Coronavirus pandemic has made The Tata Group companies to come up with an inspiring decision. Lockdown that has been announced to stop the spread of the deadly virus has created severe financial losses in the company.
Owing to such crisis, Tata Sons Chairman N Chandrasekharan, CEOs of Tata Group Companies have undergone self pay cuts. The pay cut is going to be 20% of their existing salary. Even the CEOs and MDs of Tata Steel, Tata Motors, Tata Power, Trent, Tata international, Tata Capital, Voltas companies have also decided to undergo pay cuts.
It is known that Tata group has donated a whooping Rs. 1500 crore to the Central Government to fight against the Coronavirus pandemic. It topped the donors list with such massive donation and also stood as an inspiration to several other companies across the country to come forward with their generous donations.