TATA'S TOP LAYER TO TAKE UP TO 20% PAY CUT FOR THE FIRST TIME IN HISTORY

Highlights

• Tata Group’s most profitable company TCS has announced a cut for CEO Rajesh Gopinathan

• All the CEOs and MDs of various companies under Tata Group will have their compensation reduced in the form of cut in current year bonuses

• Chairman of Tata Sons, N Chandrasekharan has said that each company will review its HR policy, cash flow management and revenue planning

Pay cu....