TCG Lifesciences releases full annual bonus to employees, plans to increase workforce by 15% this FY

TCG Lifesciences releases full annual bonus to employees, plans to increase workforce by 15% this FY

Kolkata: In a move to boost morale in the wake of the COVID-19 crisis, TCG Lifesciences, a leading contract research and manufacturing services company, has released full annual bonus to its 1500 employees. The company also plans to increase its workforce by 15 per cent in the current fiscal, says a press release.

TCG Lifesciences, promoted by New York based Purnendu Chatterjee Group, said that the company has completed this exercise in both its manufacturing unit in Hyderabad and the R&D unit in Kolkata.

Swapan Bhattacharya, Managing Director, TCG Lifesciences, said, “The COVID-19 outbreak has caused havoc not only by its death toll but has also shattered the economy in the short term.”

“TCGLS has also started the process of annual performance appraisal for the employees,” he said.

“We were faced with a scenario to completely shut down operations when the lockdown was imposed. However, with the support of our Board, leadership team and our loyal and committed employees, we were willing to take the risk to continue operations. At the same time, our meticulous safety preparations have led to a zero-COVID incidence,” he added.

TCGLS’s offices in Hyderabad and Kolkata have been operating seamlessly, as research and manufacturing works related to pharmaceutical and biotech sector fall under critical services.

Complying with all government guidelines and health safety measures, the company has divided the work force and the work hours into three shifts. A significant amount of money has also been allocated to ensure regular safety and hygiene of the workplace and its workers.

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