Delhi Metro Announces Steep Pay Cuts, Slashes Employees Allowances By 50%

by Ankush Choubey Aug 19, 2020 • 01:39 PM Views 526

The Delhi Metro Rail Corporation (DMRC) announced huge pay cuts and reduced perks and allowances of its employees by 50% citing an “extreme adverse financial” crisis. Due to the closure of the Delhi Metro service from March 22, the financial burden on DMRC is increasing. With its services suspended for nearly five months amid the Covid-19 breakout, the corporation is also struggling to repay loan installment to the Japan International Cooperation Agency (JICA).