Policy balance
The recent appointment of Sanjay Malhotra as Governor of the Reserve Bank of India (RBI), replacing Shaktikanta Das, signals a pivotal shift in India’s monetary policy dynamics.
US auto major Ford India has asked around 10,000 employees, except those in business-critical roles, to work from home.
In wake of the coronavirus pandemic, major auto manufacturers like Ford and Volvo, have taken precautionary measures and have asked their employees to work from home. The number of coronavirus cases in India has risen to over 120 in the past few days.
US auto major Ford India has asked around 10,000 employees, except those in business-critical roles, to work from home.
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A Ford India spokesperson said, the company is continuing to act in real-time to keep its “people safe and help limit the spread of the virus in communities where we live and work”.
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“Therefore, starting Monday March 16, we have instructed much of our India workforce (over 10,000 people) including Ford India and Global Business Services – except those in business-critical roles that cannot be done away from Ford facilities to work remotely until further notice,” the spokesperson said.
He further said, “The action will additionally help reduce the risk of spreading the coronavirus while maximising the health of our business. All necessary safety measures have been deployed at Ford locations as well as our dealerships to ensure minimum inconvenience to customers.”
In a similar development, Volvo Car India, the wholly-owned arm of Swedish luxury car company Volvo, also employees to work from home with immediate effect.
“Necessary IT infrastructure is in place to facilitate business continuity, with scheduled meetings managed via Microsoft Teams/ Skype”, the Swedish luxury car company said in a statement.
The company which has around 40 employees on its rolls in India said all of them have been asked to work from home with immediate effect while necessary IT infrastructure has been put in place to facilitate business continuity.
It, however, said access to the office remains open for any employee who prefers to work from office, after informing respective manager.
Enhanced sanitation measures have been taken to ensure hygiene at office premises.
The company had also suspended all domestic and international travel since February, to limit the exposure of our employees to the virus, it added.
Volvo Car India further said it is also working closely with dealers to ensure their facilities are hygienic.
“Guidelines to dealers include ensuring cars that visit workshops as well as dealer demo cars are properly cleaned before next use. In addition, all demo cars to mandatorily have hand sanitiser,” it said.
On Sunday, Tata Motors had also announced work from home for its office-based employees at headquarter and regional offices.
(With input from agencies)
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