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Home Business

Kalyan Jewellers earmarks Rs. 10 crores to fight COVID-19

Company to collaborate with local and government bodies for effective distribution of funds

by Navjeevan Express
6 years ago
in Business, COVID-19, CSR, Health & Environment
Reading Time: 1 min read
0
0
Kalyan Jewellers earmarks Rs. 10 crores to fight COVID-19

S Kalyanaraman, Chairman and Managing Director, Kalyan Jewellers. - Courtesy: Forbes

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NE BUSINESS BUREAU

THRISSUR, MARCH 28

Kalyan Jewellers on Saturday announced that it would set aside Rs.10 crores towards the cause of fighting the novel coronavirus, COVID-19. The company will partner with local and government bodies to ensure that the funds are allocated in a meaningful and efficient manner. Ensuring the availability of supplies and providing food and other essentials to the vulnerable sections of society will be giving top priority.

Talking about this decision, T S Kalyanaraman, Chairman and Managing Director, Kalyan Jewellers said, “The situation created by COVID-19, and the tremendous impact that the pandemic has had on humanity globally, is unprecedented. These have proved to be very challenging times, and our Central and State Governments are doing everything they can, to combat this. We at Kalyan Jewellers understand the magnitude of this crisis, and would like to extend our humble contribution of Rs 10 crores towards the fight against COVID-19.”

Staffers to get full salary in March, April

Early last week, the CMD of Kalyan Jewellers had issued a letter addressed to all employees, announcing that there would be no salary cuts in non-operational showrooms. In the letter, the company also committed to paying over 8,000 employees their full March and April salaries, regardless of the impact on Kalyan Jewellers’ overall business.

Tags: 000 employees8Chairman and Managing Directorcovid19full salaryKalyan JewellersRs.10 croresT S Kalyanaraman
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