 "The median salary increment forecast for this year is 10.95%, as against 11.46% last year")
Pune-based engineering services firm KPIT Technologies received a notice from the Labour Commission for effecting a pay cut for all its employees in India. The salary cuts which are said to be in the range of 10-50 per cent, will be in force till September this year.
The Labour Commission order, signed by Assistant Labour Commissioner Nikhil Walke, asked the company to follow Maharashtra state directives and refrain from pay cuts or layoffs, or face strict action. The order a copy of which was also reviewed by Business Standard, has also asked the company to submit a report on the
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