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Coronavirus: India Bulls donates 21 crore to PM CARES and then sacks 2,000 staff

By Lokmat English Desk | Updated: May 22, 2020 15:38 IST

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Due to the financial situation created by coronavirus, many companies have started cutting staff and cutting salaries.
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Coronavirus has had a major impact on the economy, leaving millions in employment in crisis.
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While the lockdown has started the plight of the workers, on the other hand, the working class has also found itself in trouble due to the crisis in jobs.
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Indiabulls has given coconuts to 2,000 employees. The company has reduced the number of employees due to the situation created by Corona.
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Indiabulls has never made such a big cut in the finance sector.
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Earlier, Indiabulls cut the salaries of senior management by 35 per cent. The company decided to cut salaries for the current financial year.
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Chairman of the company Sameer Gehlot has announced that he will not take salary for the entire financial year.
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Gagan Banga, vice-president of the company, has decided to take only 25 per cent salary.
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One and a half months ago, Indiabulls announced a grant of Rs 21 crore to PM Cares Fund.
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Sameer Gehlot, then president of the company, had said that everyone needs to work together to face the coronavirus crisis.
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Gehlot had also announced that Indiabulls would help Hartar in the fight against coronavirus.
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Netizens are angry after Indiabulls gave coconuts to 2,000 employees. 21 crore to PM Cares. Then there is the question of whether there is no money for the salaries of the employees.
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In particular, Prime Minister Modi himself has appealed not to cut the salaries of the employees, while Indiabulls has directly cut the employees.
Tags: India Bulls
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