New Delhi: Realty player DLF Ltd does not plan to lay off employees in the wake of the corona virus outbreak. The company said it will give increments to the employees up a certain grade.
“There will be no layoffs. Annual increments to be given to DLF employees up to L3 level,” DLF said in a statement.
DLF Ltd has given salaries for March to all workers and daily-wagers working directly with the company or even indirectly through its contractors. The company said it will pay salaries for April also.
The construction activity is on a complete standstill and there are many reports that employees will be laid of not paid for the period of lockdown. Real estate is one of the hardest hit sectors with the outbreak of the virus and the resultant lockdown.