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SKF India to offer COVID-19 support for employees, immediate family members

31 May 2021 Evaluate

SKF India is planning to offer COVID-19 support for employees and their immediate family members in the unfortunate event of an employee succumbing to the coronavirus infection. As part of these measures, the company will provide life insurance cover for the next three years and education support for two children up to 12th grade. Besides, SKF will also provide one-time financial assistance of Rs 5 lakh to the dependents of the blue-collar employee.

SKF India is a leading global supplier of rolling bearing and seals. The company provides products, solutions and services in the areas of rolling bearings, seals, mechatronics, services and lubrications systems.

Peers
Company Name CMP
Schaeffler India 3650.85
Timken India 2881.00
SKF India 1438.45
NRB Bearings 509.00
Menon Bearings 283.35
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