STOCK MARKET BSE NSE

Tata Steel to continue giving salaries to dependents of employees falling victim to Covid

In addition, for all its deceased frontline employees, Tata Steel would bear “all the expenses of their children’s education till graduation in India”.

Published: 24th May 2021 09:31 PM  |   Last Updated: 25th May 2021 10:51 AM   |  A+A-

Tata Steel

A signboard at a Tata Steel plant (File photo | AFP)

By Express News Service

RANCHI: In a first of its kind decision taken by any corporate house, Jamshedpur-based Tata Steel has rolled out a social security scheme for its employees, under which the nearest kin of an employee, who dies of Covid, will get the last drawn salary till 60 years of age along with housing and medical benefits. 

In addition, for all its deceased frontline employees, Tata Steel would bear “all the expenses of their children’s education till graduation in India”.

According to the announcement made by the company, “Tata Steel's best-in-class social security schemes will help ensure an honourable standard of living for their families, whereby the family will get the last drawn salary till 60 years of the age of the deceased employee/nominee along with medical benefits and
housing facilities.”

The statement released by the company further stated that for all its frontline employees, who as part of their job, met with an unfortunate death due to Covid, the company will bear all the expenses of their children’s education till graduation in India.

“The Company has always been a shield of steel, supporting its stakeholders at all times. This time is no different. Tata Steel family stands stoically with its entire people, committed to their security and well-being,” it said.



Comments(3)

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

  • Somesh Ghosh

    Great !!
    2 months ago reply
  • Abhijit

    Ratan Tata is our real "Ratan", shining piously by such noble acts. Wish every company in India follows such social security schemes
    6 months ago reply
  • Rajeshree Joshi

    Salute to India’s real successful hero.....Ratan Tata
    6 months ago reply
edexworks
flipboard facebook twitter whatsapp