The Schindler Group has announced a COVID-19 Employee Relief Fund, accumulating contributions made by top management teams from across the globe to support its employees in India.
The Fund supports the families of deceased employees, contributing towards continued medical insurance for five years and education expenses of their children up till graduation, said a press release.
A group life term insurance, three times the annual cash compensation, will also be given to the legal heir of the deceased employee, it added.
Schindler India, said the release, has covered all its employees with an additional insurance cover under its Corona Kavach Policy. Oxygen concentrators are made available in all their offices across the country to be used by employees and their family members. The company has also started a nationwide vaccination drive for all its employees and support teams.
Ashok Ramachandran, President, Schindler India, said, “We at Schindler India have always believed in valuing the wellbeing of our employees. In tough times like these, it is necessary to safeguard the health and security of every individual, along with the families and our communities at large. We pledge to continue our commitment towards supporting all our stakeholders.”