RIL restores pay of hydrocarbon biz staff

Mukesh Ambani-led Reliance Industries NSE -2.01 % (RIL) is rolling back salary cuts and giving out the performance bonus which had been deferred to those employed in its hydrocarbon business. And in a first for the business house, the hydrocarbon segment will also offer an advance 30% of the variable pay from next year’s pay-outs to its lakh-plus employees as a goodwill gesture for working during the pandemic, according to a person familiar with the matter.

While the older business saw rough weather, those working in the telecom segment – Reliance Jio – have already received 100% of their variable payouts. However, RIL hasn’t yet decided on the hikes.