Retail guru Big Bazar decided no job cuts, no layoffs

By VARINDIA - 2020-05-22

Retail guru Big Bazar decided no job cuts, no layoffs

While many companies and institutions are laying off employees, amid COVID-19 and unending lockdowns, retail chain Big Bazaar is among the few institutions that have decided to stay away from the going chain. Big Bazaar, CEO, Sadashiv Nayak, who was speaking at a webinar on “The future of Retail after Covid-19” confirmed the news, Supported by BIG FM and Moneylife, this webinar with Nayak is the fifth session in the ‘India After COVID-19’ series.

 

“We made an internal call that no staff will lose his or her job. So, we decided to give everyone whatever little we had,” said Nayak. The employee strength of this hypermarket is 30,000.

 

Adding to this, he said, “If consumption grows, we don't see jobs in the sector getting affected. We will not see a long-standing dent in employment in this sector.” However, due to this pandemic, if the consumption pattern in India takes a hit, businesses like Big Bazaar are more likely to feel the pinch.

 

The company has been engaging with its employees from the beginning of the lockdown. “We communicated to the families of the 30,000 staff. We informed them about the safety measures taken by us to keep our staff members safe."

 

The company allowed the employees to stay at home if they were not confident of coming out and working at their respective outlets. “On a daily basis, over 8,000 to 9,000 staff members have been coming to work (since the lockdown),” Nayak asserted.

 

At such times, it is imperative to give both staff and customers a lot of assurance and give them hope through various forms of communication, said Nayak “I keep telling my team that we will survive this very well.”

 

At present, the chain has around 370 outlets including Fashion Big Bazaar across the country. Nayak is optimistic that this number will help the chain reach out to large numbers of customers who are availing their services online or by walking into a store.

 


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