Instead Of Salary Cut, ‘Asian Paints’ Gives A Hike

Call it a drop in demand or the business markets getting crushed, almost every other company has issued salary cuts to their employees, while some went ahead with the lay offs too. Though the government promised to help every sector, these layoffs and salary cuts became an imminent thing now.

In these troubled times, the company that always showcase its love for the people, Asian Paints has stunned everyone. Rather going for layoffs and cuts, actually, Asian Paints is going ahead with the proposed salary hikes and is also giving bonuses to a few hardworking employees. This is because the company wants to instill confidence among its employees that they will stand behind them, no matter what.

Yesterday after ‘Asian Paints’ announced the salary hike, the shares of the company surged by 2% on the stock market. Also, Asian Paints asked all its vendors to put the payouts to the company on hold such that they will have the working capital to resume the business.