172@29@17@107!~!172@29@0@53!~!|news|business|covid-19-impact-will-have-to-cut-wages-by-50-if-there-is-another-lockdown-rajiv-bajaj-5511461.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false
Moneycontrol
Uncover the potential of active and passive investing on 6th October at 4pm. Register Now!
you are here: HomeNewsBusiness
Last Updated : Jul 06, 2020 04:37 PM IST | Source: Moneycontrol.com

COVID-19 impact | Rajiv Bajaj says will have to cut wages by 50% if there is another lockdown

Bajaj Auto’s Managing Director Rajiv Bajaj said while there had been no salary cut so far, the company would have to lower wages by 50 percent if another hard lockdown was imposed.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Bajaj Auto’s Managing Director Rajiv Bajaj has confirmed that there are 250 active cases of COVID-19 among persons associated with the automaker’s Aurangabad facility in Maharashtra. Speaking to CNBC-TV18, Bajaj said while there had been no salary cut so far, the company would have to lower wages by 50 percent if another hard lockdown was imposed.

Bajaj said that it was not correct to presume that people were getting infected and dying at the production facility. He further said that a lot of the people who have tested positive for COVID-19 were not coming to work and that many were already locked down in containment zones.

Gram Panchayats are also in agreement with the company on keeping the plant open, he added.

Close

With over two lakh COVID-19 cases reported so far, Maharashtra remains the most-severely affected state in the country. Besides the Mumbai Metropolitan Region (MMR), Aurangabad, where the Bajaj Auto plant is located, has also seen high number of cases.

COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more
Show

As many as five people have died due to the outbreak in the factory.

Situation on the ground is contrary to media reports, Bajaj claimed, adding that the management was in touch with union and local administration on daily basis.

There is zero social distancing in Aurangabad and 60 percent people not wearing masks, Bajaj claimed even as he reiterated that the “safest place to be in Aurangabad is inside the factory”.

Follow our LIVE blog for the latest updates of the novel coronavirus pandemic

Reports had earlier suggested that workers at the Aurangabad plant were demanding temporary closure after a number of employees tested positive for COVID-19.

"People are scared to come to work. Some are still coming but some are taking leave," said Thengade Bajirao, president of the Bajaj Auto Workers' Union.

For every employee testing positive, four who work close to them have to be quarantined, affecting productivity, he said.

With an annual production capacity of over 3.3 million motorbikes and other vehicles, the Waluj plant accounts for more than 50 percent of the manufacturing volume in India for the country’s biggest exporter of motorbikes.

Click here for Moneycontrol’s full coverage of the novel coronavirus pandemic
First Published on Jul 6, 2020 11:30 am
Sections