Tata Consultancy Services sets aside Rs 1,100 crore to help flood-struck Chennai employees

Written by admin Published on Dec 10, 2015 | 09:26 AM IST | 78

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CEO N Chandrasekaran said the cash advances would be in the range of Rs 1 lakh to a maximum equivalent of three months gross salary.

MUMBAI: Tata Consultancy Services has set aside Rs 1,100 crore for interest free salary advances and is creating a Rs 50 crore direct grant fund to help employees hurt by the floods in Chennai.

In a post on the company’s internal communication portal, CEO N Chandrasekaran said the cash advances would be in the range of Rs 1 lakh to a maximum equivalent of three months gross salary. Economic Times accessed a copy of the internal announcement.

“We hope these measures will help TCSers and our support staff get back on their feet quickly and put this traumatic experience behind us,” the company said in a statement to ET.

TCS will also give an ex-gratia grant of one-month’s salary upto Rs 15,000 for TCS support and service staff. The company will also reimburse medical claims.

The company will also conduct free medical camps and continue to offer free bus transportation.

The company will also help citizens by by distributing school and medical kits and creating a course of action for the medium term.

Courtesy : Economic Times