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

Hartek Power Bags ₹354 Crore EPC Order For Solar Project With Battery Storage In Karnataka

Hartek Power Bags ₹354 Crore EPC Order For Solar Project With Battery Storage In Karnataka

Global Healthcare Private Equity Deal Value Hits Record $191 Billion In 2025

Global Healthcare Private Equity Deal Value Hits Record $191 Billion In 2025

Kalyan Jewellers Q3 FY26 Revenue Jumps 42% On Festive Demand & Robust Expansion

Kalyan Jewellers Q3 FY26 Revenue Jumps 42% On Festive Demand & Robust Expansion

Silver Tumbles Nearly 3.5% On MCX Ahead Of Index Rebalancing

Silver Tumbles Nearly 3.5% On MCX Ahead Of Index Rebalancing

Indian Equities Enter 2026 On Strong Domestic Tailwinds Despite Global Lag: MOFSL

Indian Equities Enter 2026 On Strong Domestic Tailwinds Despite Global Lag: MOFSL