French IT company Capgemini has increased salaries besides providing an allowance to its employees amid the coronavirus crisis, reported The Times of India. The French firm decided to give a single-digit hike to 70 percent of its Indian staff and Rs 10,000 allowance to those stranded without paying-guest accommodations, the report said.

"This is a black swan event and at this point, it's not a question of the timeline, but how our business will evolve… All employees at A and B grades (84,000 employees) have got their hikes and others will get increment in line with our plan," CEO Ashwin Yardi was quoted in the report.

The new hike will be effective from April and will benefit 84,000 of its 1,20,000 Indian staff, the report said. Further, the tech firm that employs over two lakh people globally has decided not to cut down any jobs and to pay the salaries of its staff without any hiccup, the report added.

The move by the tech firm comes at a time when companies across the globe are cutting down jobs and holding salary payments amid the ongoing global economic crisis due to coronavirus pandemic.

First Published:Apr 15, 2020 1:35 PM IST