MSTC GOES THE EXTRA MILE FOR ITS EMPLOYEES

In the uncertainty facing the world today owing to the COVID19 pandemic, MSTC continues its endeavour to protect and nurture its most important asset - its employees and their dependent family members.

Continuing with its long-standing tradition of employee welfare centric approach, MSTC has resolved to reimburse the cost of treatment for COVID infection to its employees and their dependent family members. Furthermore, in order to strengthen its preventive measures, the cost of vaccination for the employee and their dependent family members will also be borne by the Company. In addition MSTC has also tied up with a medical service provider to provide emergency medical care at the home of a Covid–effected employee and has arranged for Oxygen Concentrators in select cities for mitigating emergency situations. MSTC intends to protect the financial security of the dependent family members through its family benefit scheme which allows an employee’s family to get her/his last drawn salary(basic + DA) till the age of superannuation of the employee (60 years) in the unfortunate event of her/his untimely demise. In addition to a one-time lump sum amount under the Employees Deposit Linked Insurance Scheme,a token one-time financial assistance will also be given to the family of the deceased employee. The above financial support is over and above the normal retirement benefits an employee is entitled to after her/his superannuation in normal course.

MSTC stands like a robust pillar supporting its employees and remains committed as ever to their security, financial stability and well being.