DLF to give annual hike to select staff, no layoffs
Realty major DLF on Tuesday said it will not sack any employee and rather give annual increments to staff up to certain grade, amid market concerns about job losses in the real estate sector due to adverse impact of lockdown and coronavirus outbreak. “There will be no layoffs. Annual increments to be given to DLF employees up to L3 level,” DLF said in a statement.
The company said it has paid salaries to all workers and daily-wagers working directly with DLF, or indirectly through its active contractors for the month of March and will also pay for April.