Salary deduction/ Layoff from co?

Salary deduction/ Layoff from co?

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Dear all this post is about to know from which sector /Industry you are ! and How much salary deduction /Layoffs is going on .

Note 1) you can post – Sector And co name with Salary deduction % / Layoffs .

Note 2)– This is voluntary on you that you can post co name or Just sector Name as well .

Disclaimer- This topic is created to know How many sector’s under lockdown effect caues effect on its Profitability and cash flow only. There is no intention to harm anyone.

28 Comments  |  
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Analyst
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In my area
- Many paid full month salaries of march
- Many paid 21-22 days salary to staff. To avoid minimum wages issue with labour they converted the 21-22 days overtime hours to balance 9 days salary. So they paid only 21 days salary but books will show full 30 days salary.
- Few didn’t pay March salary at all.

Coming to April
- None in my knowledge who has paid salary.
- Owners are writing to Industrial Associations to ask PF/ESI Dept to pay salaries from the employer contribution collected over the years and they won’t pay anything now.
- If some employee/labour is asking for salary, they are being told to leave.

That’s why you see many state governments abolishing labour laws because they have to somehow compensate the losses (fictional, which they couldn’t earn) of industry and for which they don’t see any option other than sucking blood of labour class.

PS – Mine is an Industrial Town.

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Deal Cadet
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Got full salary for march and April
But they had deducted 1day salary each month and 20% it during these times also

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Deal Cadet
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Heard about Kajaria, ICICI bank , HDFC Bank nbfc arm also salary cut. Economy heading towards downturn

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Deal Lieutenant
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My brother’s company is deducting 20% salary from March, 2020 to the rest of the year sad
His company is export house based in Noida.

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Deal Cadet
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xuseronline wrote:

My brother’s company is deducting 20% salary from March, 2020 to the rest of the year sad
His company is export house based in Noida.

So sad brother.

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Deal Cadet
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Pharmaceutical/Healthcare cos is not taking any salary cut u think so as they are in focus !!

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Deal Subedar
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I am in oil and gas sector. Merit increments got cancelled this year and 15% salary cut for 2 months in my company.

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Deal Subedar
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i am a student but my front door neighbour is HR head of a company making Tiles. they deducted 7 days worth salary in march but in books the displayed it as salary cut for leaves taken by employees in 1-21st march. For april they are paying 50% salary to all of the staff but they will deduct 5% of the salary for next 10 months. Also no raise in salaries this year.
Earlier It was very common for employees to give resignation to get salary raise, my neighbour told me that in last 3 years they have never accepted any resignation like this and have always gave a raise in salary. In march they recieved 21 resgnations like this and on 30th march the director instructed to accept them all.

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Deal Lieutenant
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Got full salary of March and in April Got 15% Increment in salary, Salary has to be come yet, Industry – E-Visa project Under Bureau of Immigration India

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Deal Subedar
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My dad paid full salaries to our workers though we haven’t operated in April.

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Deal Lieutenant
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AppleFan wrote:

My dad paid full salaries to our workers though we haven’t operated in April.

Felt so good after hearing this

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Deal Subedar
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AppleFan wrote:

My dad paid full salaries to our workers though we haven’t operated in April.

So nice to hear…..

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tank_u_m8 wrote:

i am a student but my front door neighbour is HR head of a company making Tiles. they deducted 7 days worth salary in march but in books the displayed it as salary cut for leaves taken by employees in 1-21st march. For april they are paying 50% salary to all of the staff but they will deduct 5% of the salary for next 10 months. Also no raise in salaries this year.
Earlier It was very common for employees to give resignation to get salary raise, my neighbour told me that in last 3 years they have never accepted any resignation like this and have always gave a raise in salary. In march they recieved 21 resgnations like this and on 30th march the director instructed to accept them all.

Isn’t he /she is from Kajaria tiles co?

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Deal Subedar
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iamshashikant wrote:

Isn’t he /she is from Kajaria tiles co?

No, his company is not that big. But there are more than 10 different small and big tiles companies here and all of them are doing the exact same thing.

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Deal Cadet
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AppleFan wrote:

My dad paid full salaries to our workers though we haven’t operated in April.

rolleyes Hello Bro
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Deal Lieutenant
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What about like me who is unemployed ??😢😢😢

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Deal Lieutenant
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s_u_r wrote:

What about like me who is unemployed ??😢😢😢

..

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Deal Newbie
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s_u_r wrote:

What about like me who is unemployed ??😢😢😢

This lockdown is a eye opener for unemployed – don’t just idle just for sake of waiting for right job.. Do something which pay even less then expectations but still better than a blank pocket

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Deal Subedar
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AppleFan wrote:

My dad paid full salaries to our workers though we haven’t operated in April.

bhai sbse best tumara comment smile

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Shopping Friend
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For me

E-Commerce co.

Mar 31 salary paid in full
1 Apr I got laid off performance being best in the region still

Month later in 1st week of May they laid of many other people too

Got EMIS flowing and bank balance nil, Dont know whats bank’s strategy on recovery as I might get sued and arrested for non payment

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Entertainer
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Atlantic wrote:

For me

E-Commerce co.

Mar 31 salary paid in full
1 Apr I got laid off performance being best in the region still

Month later in 1st week of May they laid of many other people too

Got EMIS flowing and bank balance nil, Dont know whats bank’s strategy on recovery as I might get sued and arrested for non payment

Wtf😱 stay strong buddy

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Deal Cadet
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Atlantic wrote:

For me

E-Commerce co.

Mar 31 salary paid in full
1 Apr I got laid off performance being best in the region still

Month later in 1st week of May they laid of many other people too

Got EMIS flowing and bank balance nil, Dont know whats bank’s strategy on recovery as I might get sued and arrested for non payment

Stay strong during this conditions and hope for best .

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Deal Cadet
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Atlantic wrote:

For me

E-Commerce co.

Mar 31 salary paid in full
1 Apr I got laid off performance being best in the region still

Month later in 1st week of May they laid of many other people too

Got EMIS flowing and bank balance nil, Dont know whats bank’s strategy on recovery as I might get sued and arrested for non payment

Dude chill, we are getting moratorium. Dont care about long term losses. Everything will be fine.
& you can apply to bank for refund of emi

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Shopping Friend
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deal_panda wrote:

Dude chill, we are getting moratorium. Dont care about long term losses. Everything will be fine.
& you can apply to bank for refund of emi

moratorium, how does that help ?

You are still charged interest rates on your credit card those crazy 40% and above interest on availing moratorium

I was just sharing my opinion for me its a nightmare, thanks though

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Deal Cadet
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Atlantic wrote:

moratorium, how does that help ?

You are still charged interest rates on your credit card those crazy 40% and above interest on availing moratorium

I was just sharing my opinion for me its a nightmare, thanks though

Well u can pay rent using cc these days at 1%.

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