Reliance Industries announces salary cuts for executives
after close1 source ↓written by the desknot a recommendation
- receiving
- 100% cut
- see reductions
- 30-50%
- will face
- 10% cut
Reliance Industries has implemented salary cuts across its executive team, with Mukesh Ambani receiving a 100% cut. The Board and executives will see reductions of 30-50%, while employees earning over ₹15 lakh will face a 10% cut. The company has also postponed cash bonuses and performance-linked incentives for its hydrocarbon division.
This move aligns with trends in corporate salary adjustments and may impact investor sentiment in the near term.
Not investment advice. For informational purposes only.