Cisco India earmarks Rs 63.5 cr to offer monetary help to workers


US-based networking options supplier is making a “one-off fee” of about Rs 63.5 crore in direction of supporting workers in India throughout the second wave of the COVID-19 pandemic.

A India worker shared a put up on LinkedIn saying the corporate is offering a ‘disaster monetary help’ underneath which staff within the nation are being given Rs 50,000 every.

The corporate can also be providing extra paid leaves for volunteering work, vaccination price protection, and wage advances to help its workers within the nation, the put up mentioned.

When contacted, – in an emailed assertion mentioned – the corporate continues to discover new methods to broaden the sources out there to its staff and their households.

“All Cisco staff in India will obtain an additional, one-off fee to assist cowl extra bills and handle the state of affairs slightly higher,” it added.

The corporate, nonetheless, didn’t disclose the quantity being paid to staff.

Cisco – which counts India amongst its main engineering hubs – has about 12,700 staff within the nation.

As India reels underneath the impression of the second wave, hospitals in a number of states are reeling underneath a scarcity of medical oxygen and beds.

Social media timelines are full of SOS calls with individuals searching for oxygen cylinders, hospital beds, plasma donors, and ventilators. Organisations throughout the spectrum have come ahead to supply and donate oxygenators, respiratory machines, and ventilators.

Cisco mentioned it has additionally arrange a devoted 24/7 COVID helpline that’s managed by a gaggle of Cisco volunteers.

Over the previous few days, this group has assisted a number of hundred staff and their relations throughout India in getting hospital beds, oxygen help, plasma, medicines, ambulances, and many others, the assertion mentioned.

Cisco Chairman and CEO Chuck Robbins, in a latest put up on LinkedIn, had mentioned the corporate has made out there USD 1.75 million in monetary assist to fulfill instant and demanding wants akin to oxygen concentrators and vaccinations up to now.

“That is simply the beginning and we’ll proceed to broaden help and sources based mostly on evolving wants to make sure we’re doing all we will,” he had added.

The highest government additionally famous that Cisco has arrange an worker match COVID-19 India Fund to help seven response organisations engaged on the bottom in India.

(Solely the headline and movie of this report could have been reworked by the Enterprise Normal workers; the remainder of the content material is auto-generated from a syndicated feed.)

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