Billionaire Mukesh Ambani-led Reliance Industries is rolling back salary cuts for the employees of its hydrocarbons division and is also giving out performance bonus that had been deferred after business was hit by coronavirus lockdown.
The firm is also offering an advance 30 per cent of the variable pay from the next year’s salary to its lakh-plus employees as a goodwill gesture for working during the pandemic, two persons familiar with the matter said. Reliance in April had cut the salary of employees of its hydrocarbons division by 10 per cent to 50 per cent with the firm’s chairman and richest Indian Mukesh Ambani agreeing to forgo all his remuneration.
