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    Telegraph 1

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    PGurus
    The letter asks employees to voluntarily take a 30% pay cut by writing to the company agreeing to the cut. It explains that due to the coronavirus lockdown, the company's daily advertisement revenue has almost stopped. An extended lockdown will further impact the business. The company's priority is ensuring employee safety and business sustainability during this challenging time. Employees' support is requested as this crisis will likely be long lasting.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Telegraph 1

    Uploaded by

    PGurus
    3K views1 page
    The letter asks employees to voluntarily take a 30% pay cut by writing to the company agreeing to the cut. It explains that due to the coronavirus lockdown, the company's daily advertisement revenue has almost stopped. An extended lockdown will further impact the business. The company's priority is ensuring employee safety and business sustainability during this challenging time. Employees' support is requested as this crisis will likely be long lasting.

    Original Description:

    Letter from Group ABP Group CEO to employees

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    The letter asks employees to voluntarily take a 30% pay cut by writing to the company agreeing to the cut. It explains that due to the coronavirus lockdown, the company's daily advertisement revenue has almost stopped. An extended lockdown will further impact the business. The company's priority is ensuring employee safety and business sustainability during this challenging time. Employees' support is requested as this crisis will likely be long lasting.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    3K views1 page

    Telegraph 1

    Uploaded by

    PGurus
    The letter asks employees to voluntarily take a 30% pay cut by writing to the company agreeing to the cut. It explains that due to the coronavirus lockdown, the company's daily advertisement revenue has almost stopped. An extended lockdown will further impact the business. The company's priority is ensuring employee safety and business sustainability during this challenging time. Employees' support is requested as this crisis will likely be long lasting.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Letter from ABP to employees asking them to volunteer for pay cut by

    writing to the company asking for the same

    Dear Friends,

    I hope you and your families are all well through this unprecedented period that we are
    experiencing. As the coronavirus pandemic has led to a total lockdown for more than 30
    days, I thank the Almighty for having kept our ABP Family safe through these difficult
    times and pray that it stays this way, while India recovers rapidly and completely.

    We are also keeping a close watch on the impact of this pandemic in our business. As
    of now, the daily advertisement revenue is almost zero. No one can forecast how long
    this will continue. An extension of the lockdown and its consequent impact on the
    overall economy will undoubtedly have an even more adverse impact on our business.
    Our priority, through all of this upheaval, is to ensure that our employees and their
    families stay safe, continue to make our products available to our readers and
    customers, while we simultaneously take appropriate measures to ensure business
    sustainability.

    In this context, I would like to propose that we voluntarily surrender 30% of our CTC
    with effect from April 2020. Kindly send a mail of your consent to [email protected]
    (format attached with this mail).

    I trust that I have your support at this challenging time. As I said earlier, we need to plan
    for what unmistakably looks like a long fight. Our people have risen to many crisis
    situations in the past very bravely and resolutely. This time also, we shall have to fight it
    together.

    Wishing you good health.

    Yours sincerely,

    D. D. Purkayastha

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