Don’t cut salaries or lay off employees: EPFO appeals employers

Don’t cut salaries or lay off employees: EPFO appeals employers

Amid the ongoing 21-day lockdown imposed in the country to contain the transmission of coronavirus has forced companies to either ask employees to work from home or halt operations completely. Retirement fund body, Employees' Provident Fund Organisation (EPFO) has requested employers for neither cutting salaries of employees nor laying them off, the Economic Times reported.

FPJ BureauUpdated: Monday, April 06, 2020, 01:02 PM IST
article-image
EPFO |

The Employees Provident Fund Organisation (EPFO) had earlier instructed its field offices to expedite disposal of online requests enabling provident fund members in financial distress to apply online for availing non-refundable advance.

On March 24, hours before Prime Minister Narendra Modi declared a countrywide lockdown, Finance Minister Nirmala Sitharaman announced a slew of relief measures for taxpayers and businesses.

The government has now also started working out the possible post-lockdown scenarios and is considering another booster shot to minimize the impact of coronavirus and revive the economy but nothing has been finalised yet, senior officials said.

RECENT STORIES

Elon Musk Reaffirms Starlink’s Commitment To India As Company Officials Meet Union Minister...

Elon Musk Reaffirms Starlink’s Commitment To India As Company Officials Meet Union Minister...

Adani Electricity Wins All 15 ‘Gold’ Awards At QCFI’s 39th Annual Quality Convention

Adani Electricity Wins All 15 ‘Gold’ Awards At QCFI’s 39th Annual Quality Convention

Akasa Air Inducts 31st Boeing 737 MAX; To Receive Delivery Of 195 Aircraft Over Next 7 Years

Akasa Air Inducts 31st Boeing 737 MAX; To Receive Delivery Of 195 Aircraft Over Next 7 Years

Groww Parent’s Stock Falls 5 Per Cent As Lock-In Period Ends; 14.92 Crore Shares Hit Market

Groww Parent’s Stock Falls 5 Per Cent As Lock-In Period Ends; 14.92 Crore Shares Hit Market

Varun Beverages Stock Slumps 27.5 Per Cent In 2025, Breaking Investor Sentiment After 8-Year Rally

Varun Beverages Stock Slumps 27.5 Per Cent In 2025, Breaking Investor Sentiment After 8-Year Rally