The Tata Group has taken a crucial decision to shut down its Pune plan due to widespread Coronavirus in Maharashtra. Keeping in mind the economic conditions of daily workers and temporary workers, they decided to compensate them with a full two months salary of March and April.
The decision has been taken to help them cater to the necessary expenses while they are unemployed. N Chandrasekaran, Chairman of Tata Sons Pvt Ltd, issued a statement stating that the economic meltdown due to Corona will be worse for the weaker section. So, the decision has been taken to mitigate the loss due to plant shutdown.
Another important decision taken by the Tata Group is a payment to the Micro, Small and Medium Enterprises (MSMEs). The Chairman said in the statement that all the companies under Tata Group had been told to pay the MSMEs to avoid cash shortage. Most of their employees are encouraged to work from home, and only employees engaged in essential services are asked to travel.
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The Pune Plant of the Tata Group will be closed from 24th March till 31st March. After that, the decision will be taken on whether to keep it close or start the operations depending on the situation. Apart from it, Tata’s JLR Ltd i.e., Jaguar Land Rover Ltd., will not be operational in the United Kingdom and will start its operations from 20th April. Whereas the Indian AND Brazil branch remains functional, even the China branch began its operations from 20th March.
