First time in Tata History, top management to take up to 20% pay cut

For the first time in the history of Tata Groups, the Chairman of Tata Sons and the CEOs of all Tata operating companies will have a 20% pay cut in their remunerations. The pay cuts are being decided to cope up with the economic crisis due to the Covid-19 pandemic. The pay cut will involve CEOs and MDs of Tata Motors, Tata Steels, and few others. 

The remuneration package of TCS Chairman Rajesh Gopinathan has been dropped by over 16% to Rs 13.3 crore in 2019-20. Each company will assess its human resource policy, cash flow management, and revenue planning, Tata Sons Chairman, N Chandrasekaran said. 

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