Some companies in India are temporarily halting business or offering unusual assistance to employees as a devastating wave of the coronavirus sickens and kills hundreds of thousands. It follows firms including Honda Motor Co. and Suzuki Motor Corp. that have announced similar decisions in recent days. Borosil Ltd. will pay two years worth of pay and support the education of the deceased’s children until they graduate. The management of several Indian companies had initially opposed lockdowns, which would hurt output and profits. Critical services like the Reserve Bank of India have put some 250 staff into a bubble to ensure continuity.

Source: Mint May 12, 2021 01:52 UTC