{"id":355152,"date":"2020-06-03T10:08:56","date_gmt":"2020-06-03T04:38:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=355152"},"modified":"2020-06-03T10:13:21","modified_gmt":"2020-06-03T04:43:21","slug":"gmr-group-cuts-employees-salary-by-up-to-50-due-to-covid-19-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gmr-group-cuts-employees-salary-by-up-to-50-due-to-covid-19-report\/","title":{"rendered":"GMR Group cuts employees&#8217; salary by up to 50% due to Covid-19: Report"},"content":{"rendered":"<p>Battling against challenges in the wake of the COVID-19 pandemic, diversified conglomerate GMR Group has revised downwards employees&#8217; salary by up to 50 per cent with effect from May, a source said. <\/p>\n<p>The reduction in compensation is maximum at the highest level, the source added. <\/p>\n<p>The Bengaluru-based infrastructure major has presence in roads and highways, energy and airport sectors. <\/p>\n<p>&#8220;As part of the revised structure, the group has done away with the variable component in employees&#8217; CTC (cost to company) and replaced it with special performance allowance, which will be treated as a special variable component,&#8221; the source told PTI here.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Battling against challenges in the wake of the COVID-19 pandemic, diversified conglomerate GMR Group has revised downwards employees&#8217; salary by up to 50 per cent with effect from May, a source said. The reduction in compensation is maximum at the highest level, the source added. The Bengaluru-based infrastructure major has presence in roads and highways, energy and airport sectors. &#8220;As part of the revised structure, the group has done away with the variable component in employees&#8217; CTC (cost to company) and replaced it with special performance allowance, which will be treated as a special variable component,&#8221; the source told PTI [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-355152","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/355152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=355152"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/355152\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=355152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=355152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=355152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}