Top Management Pay Cuts First time in Tata Group’s History

The chairman of Tata Sons and CEOs of all operating companies will take an estimated 20% cut in compensation, aimed at leading by example, motivating employees and organisations and ensuring business viability. TCS was the first to announce a cut for its CEO. CEOs and MDs of Tata Steel, Tata Moto

BY Realty Plus
Published - Monday, 25 May, 2020

Top Management Pay Cuts First time in Tata Group’s History

The chairman of Tata Sons and CEOs of all operating companies will take an estimated 20% cut in compensation, aimed at leading by example, motivating employees and organisations and ensuring business viability. TCS was the first to announce a cut for its CEO. CEOs and MDs of Tata Steel, Tata Motors, Tata Power, Trent, Tata International, Tata Capital and Voltas, among others, will have their compensation reduced, the cut would primarily be in current year bonuses.