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L&T announces aid to support family of employees who die of Covid-19 SECTIONS Share Synopsis Responding to the second wave of Covid that India is battling with, L&T has announced financial and insurance assistance measures for employees and their families. The company will also offer support towards training and education to help in rehabilitating the spouse of a deceased employee, and announced other financial assistance to support these families. Agencies L&T has opted for an additional insurance cover exclusive for Covid-19. Engineering major Larsen & Toubro has informed employees that it will give financial assistance to children of employees, who lost their lives due to Covid, in their education from pre-primary to senior college and professional course level. ....
Borosil s total revenue is roughly Rs 1,100 crore, says its MD Shreevar Kheruka Borosil Managing Director Shreevar Kheruka s gesture of declaring company support and two years of salary to families in case employees pass away due to COVID-19 has been winning the Internet. Here, Shreevar Kheruka recounts in his own words his journey of joining the family-owned business after studying in an Ivy League institution in the US, overcoming multiple challenges and steadying the ship with his focus on customer-centricity and empathy When Shreevar Kheruka, Managing Director of Borosil Limited, declared company support and two years of salary to families in case employees pass away due to COVID-19, the news went viral. His heartfelt note on LinkedIn mourning the death of four employees and pledge to stand by their families has encouraged many others to follow suit, but his decision remains a path-breaker. ....
TVS Motor said that in the case of an unfortunate eventuality, it will ensure that the bereaved family was provided with a complete support system to help them cope with the loss. The company will provide compensation as ex-gratia to the legal heir of the deceased employee. The amount would be commensurate with the numbers of years of service and could be up to three times the gross annual salary. ....
Companies temporarily halt work, help staff as coronavirus ravages India Premium File photo: A health worker takes a nasal swab sample of a woman to test for COVID-19. (AP) . Updated: 12 May 2021, 10:57 AM IST Bloomberg Covid-19 in India: Some companies in India are temporarily halting business or offering unusual assistance to employees Read Full Story Some companies in India are temporarily halting business or offering unusual assistance to employees as a devastating wave of the coronavirus sickens and kills hundreds of thousands. Feng Tay will suspend its Indian factories for 10 working days to keep its employees safe, the Nike-supplier told the Taiwan stock exchange Wednesday. It follows firms including Honda Motor Co. and Suzuki Motor Corp. that have announced similar decisions in recent days. ....