GOOD NEWS! CAPGEMINI INDIA GIVES SALARY HIKE & GRANTS ALLOWANCE AMID LOCKDOWN    

As India is under lockdown due to the coronavirus outbreak, French IT company, Capgemini, has announced a salary hike to 70 percent of its employees in India besides providing an allowance. This will be effective from April 1, 2020. 

Currently, Capgemini India has 1.2 lakh employees, of which 84,000 employees will be benefitted by this decision.

As per a Times of India (ToI) report, the French firm decided to give hike to 70 percent of its Indian staff and Rs 10,000 allowance to those stranded without paying-guest accommodations. 

The company also decided not to cut down any jobs and to pay the salaries of its staff without any doubt, the report further added.

"This is a black swan event and at this point, it's not a question of the timeline, but how our business will evolve… All employees at A and B grades (84,000 employees) have got their hikes and others will get increment in line with our plan," CEO Ashwin Yardi was quoted saying. 

Meanwhile, the rest of the employees of Capgemini India will get their increments in July.  

Reports also suggest that, Capgemini India has set up a 25-million euro fund for medical emergencies for its employees and their family members.